That cultural desire expresses itself in incredibly powerful ways.

Rental real estate investing is so incredibly simple at it's core it's insane how many people out there are screwing it up.You buy a house with the bank's money & your tenant pays off the bank.

I am just curious as to see what those of you who have done and experienced it yourselves would recommend to be the best, most efficient way to begin this incredible journey trough REI!

@Sam LaGrassa @Aaron Hunt  The actual market numbers for Suffolk County, MA for Q1 2018 vs Q1 2017:Median home price: UP 15.9%Average home price: UP 14.4%# of homes for sale: DOWN 33.5%Days on market: DOWN 6.5%Months supply: DOWN 29.7%  (1.2 months)Now that's not to say that those numbers will continue, but that is the actual historical data for last year.There's still an incredible shortage of homes on the market. 

This experience will give you all the technical skills and underwriting techniques that will be invaluable in your goal endeavor.

Bottom Line Up Front (BLUF): if I use a personal friend to loan me money to buy my first property, can I still use the “cash out” REFI technique with a bank in my BRRRR strategy?

As you may or may not know, multifamily 2 to 4 unit properties are incredibly rare in the DC area compared to other metro areas.

I guess while I know 20% is significant, I'm not sure if that's incredibly high compared to other markets around the country.

What we also see in Columbus are incredibly high rent rates.  3/2's can easily bring in $1200-$1400 in good condition and 2/1's can bring in $800-$1000. 

They're not the greatest leads for wholesaling, but if you learn some of the other investment techniques (lease options, subject to etc.) you can do very well.