I'm not going to buy a car from someone without a driver's license, and I won't buy an investment property from someone that has never owned one.Whether you are an investor or not, you need to really understand investments.

Research potential markets, consider single-family homes and multi-unit properties, and network with experienced investors.

So for example, you give the seller $5k upfront in exchange for the right to purchase a property (let's say worth $200k today) for $250k in ten years.

@Mike Sarhan I am on a contract w/SRO property in Brooklyn.

We purchased our first LTR property this summer and have a renter since September.

@Maura WinklerI would look into getting a portfolio loan against your US real estate to acquire that property.

Probably not the right property for a BRRR which I originally was thinking but could potentially be a good flip.

My wife and I both as members of the LLC solely for the purpose that the loan and title are under both of our names so when transferring this property over from personal to the LLC I am trying mainly to prevent the property from technically changing ownership and “uncapping” its value for property tax purposes. 

Budget time and energy to manage the property manager. 

Purchase price: $675,000 Cash invested: $120,000 Property taken back by lenders in the economic downturn and Housing crises in 2008, in the Las Vegas, NV, Valley.