Make sure you learn the markets.

Depending on your long term goals I wholesale and use the assignments fees to buy free and clear properties and I use creative marketing to buy and keep in my portfolio. 

Like everything in real estate, it comes down to negotiating a good deal upfront.

Hi everyone,I’m looking to dive into real estate investing and would love some advice.

I enjoy helping BP members in any way to help build their real estate portfolio.

Start by reading the Ultimate Real Estate Investing Guide: https://www.biggerpockets.com/guides/ultimate-real-estate-investing-guide/introduction2.

After 20+ years in real estate partnerships, here's what actually puts you on the IRS radar (and what doesn't):REAL Red Flags That Matter:The Partner Complaint TriggerDisgruntled partner files Form 8082K-1 disputesPartnership disputes leading to tax filingsReal Impact: Instant IRS attentionSuspicious Loss ClaimsLosses exceeding investmentArtificial basis inflationSudden large losses without economic realityExample: $100K investment claiming $500K lossesRelated Party GamesCircular property flipsBelow-market transfersFamily partnership schemes without substanceWatch Out: IRC §267 and §707(b) violationsDebt Engineering Red FlagsBasis inflation schemesArtificial guarantee arrangementsPartner debt shifts near year-endCritical: IRC §752 compliance matters!

Those were really good (Southeastern Wisconsin Real Estate Investor Group on FB if so inclined).  

🚀Disclaimer: I am a licensed real estate broker associate in Florida, but I am not an insurance agent, lender, or attorney.

And that number depends on you, your market, your property and your goals.