I've been digesting as much content (books, blog posts, forums, webinars, podcasts, etc.) as possible in the past few months, and firstly just want to say thank you to all the amazing and selfless contributors at BP for all the free content... an education already proving to be far more valuable than the one my student loans provided.

And if you put a conventional loan on the project and don't refi out that 401K loan, then you need very strong cashflow on the property to get it paid back quickly (hence why I like the BRRRR strategy better).If it were me, I would be saving like mad for the next 60+ days, studying my markets, building my teams (especially lending), getting solid deal flow going in that area so I could choose my projects.

While it's pending, I guess it is technically off market, but I don't think this is really what people are expecting.The fact that some of the most successful wholesalers in my area are doing this, really just proves that there are plenty of great deals to be had on the MLS.

Find a private or hard money lender to aquire, then refinance out of that loan once you have a renter in the place and can prove cash flow to a lender (the cash flow can be used to boost your income and therefore reduce your DTI)3) If you have equity in your personal home mortgage, get a HELOC and that, combined with your $65k savings, may be enough to do cash purchases in the market you're looking to invest in.4) Try speaking to a local community bank.

Because I have more than 2 years of equivalent real estate experience, I am eligible to sit for the brokers examination.I’m trying to figure out if it will be worth it, financially, because it would take me at least 3 months (application processing time is minimum 10 weeks and then I’d have to study for the exam).A special thanks to all who have been patient and respectful responding so far.

I am a current freshman in college at Mercyhurst University in Erie, PA, and I have been studying and researching real estate investment strategies, and paths to financial freedom.

Sharing to you some recommendations as you go along with your study while at home:           1.

Heard they even have checkpoints before you get into town to prove you are a full time resident or essential business.  

I did the numbers and calculated that a good price to buy a property worth that much would be.I used this formula: Max Offer = (Rehab cost + profit + closing costs) - Wholesale feePlugging in the numbers I got:((1560sqft x 30) + 29600 + 14800) - 5000 = 86200So my max offer would be $86,200At first I thought I would jump on the asking price of $69.9k, but my only doubts were that the realtor only gave me 1 comp because the other properties in that area had been sold at auctions for rock bottom prices.If the realtor had given me 3-5 comps I would've been a lot more confident to say go ahead and accept the $69.9k, but I'm relying on being able to wholesale the property to an investor once I have it on contract, and I don't know what I could prove to them by showing them 1 comp.Should I have accepted the $69.9k 1 comp property?

People can and do purchase commercial real estate that have been studying and analyzing the market, but I would say the majority of people need the support and the in depth knowledge to feel peace of mind about their purchase.I work alongside my dad who has 30+ years experience in the field and see this knowledge piece as invaluable to customers looking to buy/sell.