We have been flipping houses mainly and started 1 1/2 years ago.We are up to house #15I recently bought our first multifamily -  3 family in West New York, NJ at a Sheriff forclosure auction.  

Total rate is 17.75%.Happy to answer any other questions you have,

I am very interested in real estate and just starting out in the Philadelphia suburbs.

They apply, but you are just subject to gift tax at that point, which does not actually result in a tax bill for you, but a reduction in your total giftable allowance which is ~13M dollars. 

We all started without any experience in real estate.

@Sahar Bracha usually best to start with a PMC, not an agent:)

I've used them (not sure if I can name, but starts with an R and ends with an A) on about 6 or 7 of my deals so far and its true 100%, no money down financing.The only catch is that they cross collateralize against other properties you own - including your primary residence.But they close and are very thorough.Their appraiser and rehab inspectors are very good too.

I am very passionate about time and financial freedom so that I can be the husband and father that my wife and children deserve.I will admit, the idea of actually starting is pretty frightening, but the thought of never starting due to the fear of failure is even worse.

Here are some of the details:Purchased: June 2023Size: 4,300 SFlocation: Greenville, SCTenant: NNN lease, 3 year lease with renewal options that commenced in April 2024.Tenant pays $6,200 total. $5,000 net after taxes and insurance Internet is responsible for maintenance.Down payment: 30kValue: $725k +Current loan: $440kI just wanna pull $50-$75,000 of equity out of the property without being killed on a really high interest rate.

Quote from @Stevo Sun: Quote from @Coban Scott: Does anybody have an idea on the best places in Canada for a new real estate investor to start out?