My advice to all new investors is to build a team ASAP (an agent, lender, contractors and a network of other investors) while simultaneously pursuing your first deal.

@Max Bradshaw I would recommend doubling down on the SLC market, breaking into a new asset class and market simultaneously is a tough proposition.

This means you could get a short-term loan, purchase, renovate and actively list the property for rent while simultaneously seeking a R/T or Cash-Out refi.

@Joey SoewargoYou’re mixing together a number of different concepts.In a “double closing” you close on the purchase of a property and almost simultaneously close on the sale of the property to a third party.

A rental property is placed into service on the first date that both of the following occur simultaneously: (1) the rental is advertised, or held out as, available for rent, and (2) the rental is in habitable condition and ready for occupancy.Something to examine with your tax professional.

Because the borrower is not personally obligated on the mortgages securing the investment properties, they are not included in the property count and the result is only two financed properties.The borrower is purchasing and financing two investment properties simultaneously.

Yes, I am simultaneously looking into Northwest Indiana area. 

My first deal was for $24,000 - I managed to scale my marketing by sending out a few yellow letters while simultaneously cold calling. 2.Most of my knowledge came from Youtube videos, once I wanted to scale I went to a few seminars.3.

Simultaneously, came across 2 properties next door to each other, same owner. 1 home is currently for sale By Owner and move in ready.

Now they have vaccine, they don't buy the bond like before and they stopped financing the investment rental so at very least the FTHB will not compete with investor like us.They're basically avoiding three crises simultaneously.