Hi, I am just about to get started in real estate for the first time: I am thinking about getting a triplex. What can i do to get started on this?  I am located in Australia

👋It’s awesome that you’ve already started diving into the calculators and podcasts—those are great resources for anyone just getting started.Since you’ve had some rental experience already, I’d love to hear what you found most challenging about owning and selling that property back in 2017.

He has Duluth investments as well, and is a great resource.Keith 

Sounds like a great deal/property.

I've finally found an auction property I'm interested in, and I’m ready to make a move!

Just make sure to fully understand the loan terms, especially the interest rate and repayment schedule, so there are no surprises.2.Condition of the Property: If the property isn’t in really rough shape and you were able to get insurance on it using a 4-point inspection and wind mitigation, you might even qualify for traditional funding options like FHA, Conventinal, VA, a cash-out refinance or a home equity line of credit (HELOC).

You could bring less down and possibly have a lower interest rate since you will be living there.

If you're considering hard money loans, they can provide fast funding, but with higher interest rates and shorter terms.

I have heard good things about Ohio, Indiana, etc.5 - Due to high interest rates flipping has become highly risky and most businesses have dried up.6 - Co-living and Assisted living seems to be popular right now.So - really depends on your market, your strategy, and your timeline.

It's an estimated cash on cash return given current rental rates subtract expenses assuming 7% interest rate, 10% management fee, 5% repairs, 5% capex and other expenses like mortgage, insurance, tax. it's a estimate to tell you what properties to analyze vs ignoreyou can see the are pockets of negative returns as well as pockets of positive return. this is to supplement the data @Devin Conley provided