After  spending several months on BP reading the forums and - like everyone - devouring the podcasts, I'm excited to share that we launched our first direct mail campaign this week!

Hi, due to a newly purchased business I am in the position of not be able to buy a home for two years via conventional lending.    

I love this post, thank you for sharing, i am currently finishing up my first investment property (foreclosure,REHAB, moving in, Refi,sell or rent in 18 to 24 months, while renting out my first house) As a newly 30yr old millennial i feel exactly like you do, keep it up and create the empire you dream of, doesnt matter if thats 3 properties or 300!

I am well aware that the first property is key to launching a successful REI business, so what do you think I should do? 

It just launched, but we'll be publishing 3 new episodes a month.What are the numbers like on  your rental?

This duplex is in the inner city where I live, but it's a nicer area of the city, and the property itself is in great shape and newly rehabbed.

While my neighborhood has exact floor plans like mine, my home has a number of upgrades and an excellent view where all others face another front door 20 feet away.While I'm not living beyond my means and only have a modest car payment and Netflix & Hulu (sorry its worth it) as my other fixed expenses outside of utilities, I'm definitely aware that I could be living leaner and cashing in my current living situation for one that is more beneficial to my newly-formed REI goals in the long-term. 

The first articles will be launching next Monday and it will mainly be focused on real estate but not exclusively.

Also notice that the monthly CapEx expense calculation does not have in it if the property is newly remodeled ... new stuff wears out at the same rate as old stuff and the CapEx expense is therefore the same ... the only calculation that factors in the age of equipment is determining the initial size (in dollars) of the CapEx reserve fund.

(in my example i guess. because i am a newb who has not yet down a deal, and i am imagining saving up a 10k down payment)Continuing, and concluding: I assume the idea is then to use the newly acquired 20k to put down as a new down payment on a more highly valued property to do the same thing - raise the property's value, then refinance that property to get a new mortage agreement - But I wonder: won't I just be incurring a greater and great amount of debt?