Maybe start with adding 1 more property instead of 3.

If your clients/or yourself put the time into learning and figuring out a niche in the RE world that excites you, start looking for deals that make sense and always run the numbers.

Especially when I saw the high rankings on Airdna for DFW and started to dig into the highest performing listings and sub markets around the area.

My name is Duncan Forbes, I am starting my real estate journey in Westchester NY.

I'm also not in the US, and still researching to see exactly when and how to actually start.

We have done it both ways where we fund purchase and they cover rehab but if the individual is less experienced we do not do it that way, we have them put more money into the deal from the start and fund the draws, reason why is we also had a deal where the person said they would do this and never did anything and property sat and loan matured and it was a pain.Just recognize you will still not get 100% financing for the purchase, so you are putting money in up front. 

I definitely want to align myself with a good brokerage and start building good reputation. 

Hey @Brad Roche - We do a significant amount of renovation loans (both Fannie May & FHA) here in Chicago and prefer the Homestyle loan only because it's less stringent on the borrow about what they have to repair, and they provide the general contractor a material draw at closing which helps the project start on the right foot.I thought the minimum down payment was 5%.

I hate to say it but it's starting to feel a bit like 2007, with sub2 being the new subprime mortgage...It's too small of a percentage of loans for that to be where the bottom falls out.

They start making demands and often unresaonable demands, and they delay and never want to sign on the day you need them to sign.