I had no debt of any kind when I got my first mortgage but the difference with me is I had a credit card I used for 10ish months before buying the first rental.

@James Butler - This seems kind of silly.

I don't want to lowball the seller but I really have no idea what kind of price I am looking at to offer.

Since it's about 250K-300K, and since I don't have that kind of cash myself, I was essentially going to partner with fam & friends and we'd raise enough for the down payment (if I can find a lender who's willing to loan that low) and split the returns.Account Closed Definitely agree with having a list of investors including those who've committed to the deal + backups who are willing to step in in case others pull out.

I don't have much free money for myself anymore since I am in the bay area now, paying $2k a month for a room, and I'm upside-down on my car, paying $1300 for the Hellcat I bought 2.5 years ago.So I kind of feel like my life is ruined at 26, but I would really like to start over if I could.

How much real estate can you acquire and what kind of returns can you expect from it compared to the interest rate on the credit cards?

It’s impossible to know without the numbers.The other thing I’d be asking is what kind of reserves you have.

I have contacts for CPAs and attorneys in San Diego and Los Angeles if you're willing to work with folks down south, shoot me a private message if you want the names and what kinds of services you're looking for if you know.

I’m kind of new to this whole brrr thing when it comes to real estate investment and I would really love some advice on a potential investment I’m seeing.

Buttttt it all depends on the area, kind of tenants, condition of the properties etc....