Education and skills are worth infinitely more than just the exit on one transaction.

I got licensed and have been learning brokerage and hope to transfer these skills into becoming a principal at some point.

Finally, obtain a professional appraisal post-renovation to accurately determine the new value of your home.

And the first to quit would be the ones with brains and skills.

You'll see a ton of people make money on the connection to the realtor, investor, and/or professional versus being them him/herself.

First, it could help you qualify as a real estate professional (REP), or at least make it easier to qualify, which would allow you to offset passive losses from your rental properties against your active income.

Ultimately, it's about finding the investing strategy that aligns with your goals, lifestyle, and area of expertise/skills/knowledge.

Strong business credit can sometimes offer more flexible financing options when starting a real estate business.Step 4: Leverage Your KnowledgeAs a business management major, you have a unique perspective and skill set that can add value in a competitive market.

A DSCR of 1.25 or higher is usually required.Property Appraisal: A professional appraisal to determine the property's value and income potential.Business Plan: Lenders may require a detailed business plan outlining your strategy for managing and profiting from the property.Experience: Demonstrating your experience with smaller multifamily properties can be beneficial.

Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?