I started down this journey once I realized that being a youth pastor alone would never provide the financial future that I want for my wife and kids so I started investigating real estate and reading "BRRRR".  

You only need 5% down.

It will save you a lot of headache down the road.

I have been trying to save up money but it is not near a down payment for a traditional loan.

Let’s start with CompliancePrompt:[1] You are an expert in the federal and state taxation of landlords owning rental property [you need to tell the AI what is expected].[2] I am a CPA, with expertise in taxation of real estate [unless you want a watered-down response, tell the AI that you want a granular response][3] Use IRAC format [This is used by attorneys.

Concentrate on your development cost and keeping them down and the deal will pencil.

I would fist run the numbers to see if it is a good deal at the price and everything else, and then I would drive down the streets to see if you see any licensed contractor signs/trucks.

Estate Planning and Wealth Transfer: If you're building a portfolio to pass down to your family, life insurance ensured your heirs inherit your properties without the burden of estate taxes or forced sales to cover expenses. 3.

Hi Willie, I think it would be best to wait until you have more capital to put down for a multi-family property. 

Need to pay down some leverage to keep that DTI healthy!