Start small, build a reserve fund, and work with local experts to ensure your first investment is a solid one.Good luck!

@Madison SloanTo start house hacking, focus on saving for your down payment, researching target markets like Salt Lake City or North Idaho, and building a strong team of professionals, including an agent and lender.

Your plan to house hack a multifamily property in Indianapolis is a great strategy to start building equity and learning the ropes with manageable risk.

Best of luck building your team and making your investment work for you!

Most newer wholesalers I meet are looking to do this just to build their own portfolio, hold on to the properties they want and capitalize on the ones they do not.

Again, this is a conversation to have with your accountant to ensure the benefits would outweigh the costs.Another misconception is that there is little value in a cost segregation study for properties that do not have a lot of personal property in them or very little interior build out, such as industrial warehouses.

We learn to build relationships with people and companies.

Building relationships with them early is key.For tenant communication and rent collection, tools like Buildium or Avail can make life easier.

At that point, you’re building a business plan—something you can take to the bank.

Really just trying to build a solid base and gain as much knowledge as possible and eventually specialize in something.