Investors who are active in gathering data on local trends while working with knowledgeable agents are able to pick neighbourhoods poised for growth and also comprehend how to best mitigate their risks as they prepare to maximize their return.Myth 3: Distressed Properties Are in Bad LocationsAnother misconception is that distressed properties only exist in bad neighborhoods.

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

I don't care if I'm ahead or behind of anyone else because my goals are not relative to anyone else's progress.I get your point that staying active keeps your skills sharp and that if you're active when others aren't you will have access to opportunities that they do not.

@Nathan Deutsch what are your next 3 steps in your investing journey?

I am active duty military and plan to use the property for deployments/holidays for my family to stay near relatives until I separate in 4 years, then to use that property as one of several future investment properties.

Sounds like this could possibly be a Schedule C activity so keep self employment tax in mind.

Hi, everyone. I'm Rennell. I joined BP in 2022 and never actually got into Real Estate. I'm at a point where I'm ready now. I'd like to start out with Wholesaling and work my way up from there. If there's anyone else ...

I am actively expanding my STR consulting business!

Wishing you the best with your exam and your journey ahead.

Thanks to everything I’ve learned from the podcasts, books, and this community, my wife and I currently own:A triplex in MaineA single-family rental in San AntonioA single-family primary residence in Las Cruces, NM, which will become a rental when we move in a few monthsFor context, I’m an active-duty Army officer with about 12 years left until retirement, and my wife works for a university in Boston.