My wife and I recently purchased a triplex in North Gray's Ferry are in Philadelphia.

You could house hack by purchasing a small multifamily with an FHA or conventional loan, reducing your living expenses while building equity.

If so, maybe wait a year or two and save the money for the purchase.

Hey Romeo, I would build up some cash flow and try to find some partners in your network that have the funds to get started in RE but are hesitant since they never purchased anything yet.

Quote from @Jardin Gwin: Hi everyone, I’m a beginner real estate investor looking for guidance as I work toward purchasing my first rental property.

Hey Jeff without knowing any details everything is what you are able negotiate. but you have to take in account the years interest rate and purchase price and what kind of cash flow.I will say get a mentor if you’re inexperienced these kind of deals can go left if you really have little knowledge when it comes to structure .

Purchase price: $65,000 Cash invested: $30,000 Sale price: $195,000 Live in flip.

Purchase price: $630,000 Cash invested: $150,000 STR - airbnb/VRBO cabin in the Smokies

I recently purchased a Short Term rental property and plan to self manage the property.

I am a resident of Virginia and purchased a rental property in West Virginia during 2024.