Because of their nature, the FHA loans are inherently risky (high loan to value, inexperienced borrowers, liberal income guidelines) and because they are riskier than say a regular conventional loan at 80% ltv, the mortgage insurance is higher (significantly higher) and doesn't go away like it used to.On the other hand, for a first house that will accommodate up to 4 units, I say FHA is the way to go if the rents qualify.

Travel the world, maybe write a novel.For me, the lack of intense activity would not be my cup of tea.

Not know we had other options being so young and inexperienced we took it and figured we would get the rest later because we knew the house had plenty of equity in it.The foundation and water line took longer than we expected so that put us on hold for a little bit.

Sub-flooring isn't expensive but the condition of it will convince the inexperienced that it is.

My early years I had a couple of these would be investors destroy my quarter because I was too in experienced to know better.I love working with investors but I drop them fast if my “ time suck” radar goes off.

Buying from wholesalers is a bit edgy in my experience and not for the inexperienced.

Constantly showing losses on paper can appear to be a bad business for the inexperienced banker while experienced bankers will say yes you are showing paper losses but add back in the interest expense, depreciation, amortization and you are making money.

You will need to work and partner with a varity of talented and passionate professionals out there, but many are inexperienced as we all are when we start, so be aware.Once you have a solid understanding of the basics and find the niche or strategy that aligns with your type of genius, you will know what to do and who to contact.You will need patience, focus, persistance, dilligence and passion.

Understanding that there are a lot of inexperienced investors who are excited about starting their RE investing journey (this includes myself) at some point in the future, it was clear to me, as someone with experience in analyzing RE deals ( pro forma property performance, markets, submarkets, capital stacks, investment and exit strategies, etc.), that your average, "just-starting-out" non-accredited investor might not get the full picture of the risk associated with some of the investment opportunities offered on this particular platform.But again, yes, you are right about understanding the author / writer.Thanks.

I know if I was cash strapped and inexperienced, I wouldn't be out buying.