One thing you might want to focus on now is getting pre-approved for financing if you haven’t yet—it can give you a stronger position when making offers.

Yes, you can buy books and reading on websites such as BiggerPockets and teach yourself how to invest in real estate, but key to SUCCESS is to take ACTIONS and apply what you had learned.

I feel a bit stuck in this scenario, and I could use some advice.I'm raising some money from private investors and wanted to run some options by more experienced posters, because I'm a bit unclear as to what the best way is to structure my deals with private investors, or if there are better options that I'm not considering.Here are some rough numbers to capture a deal that is on my radar:Loan amount from investor: $110kYearly Interest Paid to Investor: 7%Monthly Rent from Property: $1300Monthly Interest-Only Payment to Investor: $642Monthly Property Taxes: $71Monthly Insurance Payment: $71Property Management fees: $104Net Cashflow: $412Now, this is not a bad outcome, and I am fine with it, but I am wondering what someone else might do differently if you were in my position - Should I charge an upfront fee to my investor (maybe $5k or so for this deal and also keep the cashflow as my monthly management fee), or would you instead use the $110k from the investor to BRRRR a bunch of deals, or would you try to just use the capital for one deal at a time?

I would definitely start your search on the NARPM website.

The $18,000 also included moving the main panel from an illegal position in a first floor bathroom into the basement.

This proactive approach has made a significant difference in maintaining positive cash flow and ensuring long-term success in my investments.Key Lesson #5: Build a Strong Network Finally, I wish I had focused on building a network of real estate professionals earlier in my journey.

Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.

Hi Everyone  I'm new to real estate  investing and I want to buy and flip homes I'm currently trying to save money to buy my first property and also build my credit what would be some good advice to invest in my first home an how much should I save and also how can I follow  or identify target markets  for cheap houses and good market  and what website  could I use to analyze the market in my area.

Hi @Brandon HansenHere is a simple tip for youThis website is a great reference point for figuring out what each area is like. https://www.areavibes.com/It gives you a total LIVABILITY score for each street and zip code.

I would recommend that you position yourself for growth and go with RentVine.