Many successful investors started small, such as with house hacking or buying affordable properties to rent out.

Some 'ting fishy and smell of foul odor.ARV of $375,000 and buying for $103,000?

@Fabio Cattolico"if I could get an out of state property for a great price and the numbers seem promising, wouldn't it be good to start off like that if I'm in a place where buying is unaffordable?"

- What metrics do you use to measure "good"Ex "Hi I'm looking to buy a single family home in Richmond TX in the $150-200k price range.

You magically get the seller to cover every single closing cost (A $12k gift, or a trick to get you to buy their problem.).

If you are buying good properties you shouldn't ever need a property to carry another property.

Investment Info:Condo buy & hold investment in Rowland Heights.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Jamaica.

you also need to source the property, and for BRRRR you need a goldilocks property - something that is distressed enough that you can buy substantially below market, but not so distressed that it's not worth fixing up.hope this helps - happy to help further

For the mortgage you are looking at, you will be buying the mortgage on which apx 80K is due for apx 14K.