Taking the time to thoroughly evaluate the pros and cons of each option will guide you toward the most suitable choice for your real estate investing journey.

It may sound like a lot, but the right agent will be able to guide you through this process.

Fill in the foundation below.Check out the Start Here page http://www.biggerpockets.com/starthere Check out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Great beginners guide: https://www.biggerpockets.com/blog/wp-content/uploads/2022/0...3.

Most rely on rules of thumb to guide them.

if not the Agent finder tool at the top of the page is a great way to find a local agent to help guide you through the search and purchasing process.

There are also folks here who can help guide you through the process (ex. estimating the scope of work, working with contractors, distribution of funds for the project, etc) which is very important when completing your first couple of projects (in my humble opinion).

My comments are meant to only educate and provide some useful info that will help all understand the process and guide them in the proper direction.  

One of my favorite resources is The Unofficial Guide to Real Estate Investing by Spencer Strauss.Network with others!

& the guideline from Freddie: https://guide.freddiemac.com/app/guide/section/4301.5#:~:tex...This means you cannot use the appraised value to take cash out of the property for at least 12 months using a conventional loan regardless of the amount of equity that you have acquired through good negoting, or forced appreciation activities.