But before I did my first purchase I actually lived in one.

If you are starting to build up your real estate portfolio, you may want to switch to a CPA that specializes in real estate taxation.

Purchase price: $273,000 Cash invested: $60,000 Sale price: $375,000 Purchased the property with a "subject to" agreement, did a cosmetic renovation, cleared outstanding condo dues, and resold the property.

For my BRRRR property I purchased it for $68K and spent $20K in rehab.

Make sure your lender is on board with the purchase price and DTI ratio you are proposing.

Looking to get my foot in the door investing in real estate through multiple channels.

Since the kids are in school, the only real window to remodel was in summer.

Purchase price: $50,000 Cash invested: $50,000 Syndication deal on 12 beach home short-term rental construction project What made you interested in investing in this type of deal?

@John SteffenInvesting in house hacking or purchasing a primary residence for rental can be challenging due to affordability, vacancy fear, high interest rates, maintenance concerns, and location analysis.

Here is my take.If you are good with being persistent, this will be key in your future success with land or any other real estate venture for that matter.