Selecting areas: Look for neighborhoods with high growth potential, amenities, and public transit when choosing places for house hacking, especially in big cities like NYC.

It is important to know what is expected of you, whether you choose to manage it yourself or work with a property management firm.Exit Strategy: Develop a clear exit strategy for your investments.

By choosing items that blend style, durability, and functionality, you’ll set yourself up for success.

Going down the BRRRR route might be a better option, it allows you to learn the ropes, get some experience behind choosing the right property, renovating etc.

Would it be better to choose a floating rate, hoping rates will go down?

Secure financing next choose a few target markets and research them thoroughly.

And yes, I would choose to use that money to reduce my out of pocket over a rate reduction. 

Hello Amy, I am going to use a quote from Brandon Turner (he may have stole in from someone else) It's better to choose something than to do nothing at all.

IL passed this a few years ago and they allow 1 deal a year.. it will really be up to the licensee's Brokers to reel in the wholesaler that choose to get licensed.

Then, once you own it, you can look into refinancing without the risk of a lender failing to perform.As for which strategy to choose, think about picking one that fits your situation and has the best chance of success, especially since you're new to investing and live in another country.Vision the follwoings:Option 1: BRRR - This involves a lot of micromanaging and supervision work during the renovation process, including dealing with contractors, permits, and other details.