I haven’t made my first initial purchase of a rental property but I definitely want to and have plans to do so.

Also, once you start the renovations there will always be change orders and you may end up paying more than you initially estimated.  

the best wholesalers spend thousands or tens of thousands of dollars a month on marketing. 

Based on your financing options, you are going to be limited to 4 units or under, given 5 and over become commercial lending, so no FHA or owner-occupied options.I am assuming you plan on living in one of the units, but to be clear, that will be a requirement for at least 12 months, under most mortgages.You may get other's posting about talking with wholesalers or trying to find off market deals.  

With swift action and strategic market placement, we sold it for $449,000 on 9/4/2024.

Risk Mitigation: Highlight how you’ll mitigate risks, whether through market research, contractor selection, or conservative estimates.Philly B Class Areas:Since you're targeting B Class areas, which typically have stable rental demand but may need some renovations, a structure that combines monthly interest with a lump sum at the end may appeal to lenders.

While I am new to the real estate market in the USA, I am confident in my ability to navigate and succeed in this field.When I discuss financing options with loan brokers, I often encounter conventional loans requiring a 30% down payment.

I don't work there and don't know anyone who does, not pushing the company, just amazed at finding a 0% down option in this market and thought someone should benefit from it.

Buy and hold rentals will be funded through use of fix and flip capital – 1 for every 5 fix and flips completed.MARKET Our markets for the immediate future will include: Phoenix metro and surrounding areas, Maricopa city, and Casa Grande.

Cap Rate = NOI / Purchase Price (or Market Value). 2.