I started with nothing and aggressively saved for almost a year until I had 10k for a downpayment on a cheap house.Step 2: Join online platforms like BiggerPockets, Eventbrite, Meetup, and Facebook groups to connect with investors and get an idea of what kind of properties to look for as investments.Step 3: Use Zillow to find agents and communicate what you’re looking for.Step 4: Analyze at least 5 properties a day in your target market for six months to understand what it would take for you to make positive cashflow.Step 5 Get pre approved from a bank.

If you do the LLC, you will need a commercial mortgage which has higher interest and a bigger than 25% down.

You can find loads of online and in-person real estate events where you can meet many wholesalers!

I'd Airbnb the 1st home & would do new construction on the 2nd lot.Am I able to bundle the purchase of both the house purchase and 2nd undeveloped parcel into one mortgage?

You can use online resources, such as hospital directories or real estate websites, to gather information about the location of hospitals and the surrounding area.Analyze the demand: Look into the demand for rental properties in those areas.

The most obvious is that you will be able to offset your mortgage with renting out a few rooms.

When you do million dollars deals and closing is done virtually (which one side picked as part of their terms and that firm normally does their closing online) how comfortable are you?

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.

My cash flow was a little negative, but for the most part I did thing my parents told me to of paying down a mortgage using rental income.By 2020 I had moved to a different state and a pandemic happened.