It may take 1-2 years and by the end you will have forced some appreciation from the renovations but also got some natural appreciation from the market.

I'm 45 years old. 

@Alex Silangyes, i will buy - but only to BRRRR, or on seller financeand only if the numbers workmade 2 offers toward the end of last year on potential BRRRRs and got outbid. 

Also, I'd encourage you to think long term. 20-30 years from now, it won't matter if you bought your first property now or 3 years from now.'

I’m a 24-year-old living in South Jersey, and I'm interested in investing in properties around Philadelphia and the surrounding PA/NJ suburbs.

Re-planted myself here in CLT 7 years ago.

After 20 years as an investor, broker, and lender, I can tell you that house hacking is one of the smartest ways to start.

They are generally no more than 10 years old, maybe up to 15 years old at the most.

Everyone wants to get into real estate. Few do it right. And even far less succeed with a multifamily real estate portfolio. So, what’s the trick?
I didn’t just wake up and start bagging deals and becoming an all-ar...

The property is only 9 years old so that's why I put only $10k also, they are opening a new company that will employ thousands of people nearby so that's why I put a 6% income growth and only 3% expense.