Hello everyone, I am new here and I have no real estate experience, but I am very interested. I welcome any tips or suggestions that will help me get started.

The goal here is to establish track record and operating credibility, because frankly no LP with half a brain is going to roll the dice on an inexperienced sponsor without operating experience. 2.

Full disclosure, I still use construction loans, but only on multi million dollar deals.From my experience the BRRR strategy is used by inexperienced investors with limited Capital that believe it is their path to financial freedom.   

I write this as a career RE investor for 2 reasons: 1) Inexperienced investors might find a tidbit or two, and 2) that experienced investors might point me toward what is next for me.I bought my first rental property when I was 18.

Bumping this forward.Unfortunately, the inexperienced real estate syndicator is not going to have much luck getting access to these real estate crowdfunding platforms.

It makes no sense and shows how horrendous the "training" is for wholesalers.My “favorite” is the new and inexperienced people who think that they can sit at home, scan a local MLS, somehow identify underpriced properties that every experienced investor and all home buyers and real estate brokers/agents missed, tie up the property with “borrowed” fully refundable  earnest money, no proof of funds, no approval of financing, post their “find” on a real estate website, appropriate someone else’s buyers list, and profit a minimum of $20k per.  

I believe most of these "gurus" gain traction selling the inexperienced on the notion that making money in real estate is easy and anyone can do it with little or no money.

That's not my cup of tea and also very risky and capex may exceed cash flow if you don't spend enough on rehab up front.My last few personal purchases all involved circumstances that gave me an edge: at this point I look for properties that need minimal work: instead of a 6 months rehab, I already get 5 months of rent.

Pretty informative for someone just getting into this...https://kimandbagwell.com/pitfalls-for-the-inexperienced-geo...And on another thread (https://www.biggerpockets.com/forums/61/topics/1152882-tax-d...) there was an interesting point made by @Sam Bagwell (I wonder if the above is his firm -- likely)... if you engage an attorney to handle the debarment and the property is redeemed, you can end up upside down even with the 20%.

And although some companies like ours will lend to inexperienced flippers, it does help the terms if it's someone that has some experience, because the person is perceived as less risky once they have a few projects under their belt.