After a year or so, you could then qualify for another FHA or conventional loan on your next property while keeping the first one as a long-term investment.If you are thinking about using the BRRRR method for your first deal, I would be cautious about taking on a property that needs too much work or has a lot of deferred maintenance.

The second option and the better option (my opinion), partner with a more experienced investor on the first few deals that has the contractor, system and knowledge.

Great way to get your money working in a variety of real estate asset classes without the huge cash outputs typically needed. 

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

For many, wholesaling is the first strategy that comes to mind—but here’s the truth: Wholesaling is tough.

But there are nuances that many first-time investors don’t consider.

Hi Karla from Montreal, Canada-You ask an interesting question.Should your first real estate investment be new construction, since you and your partner have construction management experience, or flipping an existing home as you originally thought you would?

Bought with seller financing first and then refinanced with a bank.Quite a few questions you posted and I can't answer them all, but will summarize quickly:- Yes, it's a solid strategy.

@James Huff Congrats on your first multi-unit purchase!

I would first identify the area(s) that you think wil work and then dtart riving around.