If not, how do people typically get started with their first deal?

Originally posted by @Jason DiClemente:@Jay Hinrichs I've done HML deals before, but never of that size, so I cant comment on large deals like that. sorry meant it for the OP  not you specifically. just trying to lay out some reality.bigger money deals are not like 200k HML flips   were lenders will take a stab at newbies or a company like DHM will come through at some point

I see them as huge opportunities but not talked about a lot.Well REO's have gone down to to lower foreclosure rates. drawbacks are banks are very low and non responsive, unless its not a traditional bank and a private lender then you could possibly get a better deal.

What made you interested in investing in this type of deal?

Do I need to lower my standards or try to find alternative ways to source deals? 

What made you interested in investing in this type of deal?

This is great, good to find a cash flowing deal these days!

Purchase price: $550,000 Cash invested: $60,000 Co-living property What made you interested in investing in this type of deal?

Is it better to go down this route vs looking at doing a BRRRR deal myself? 

I would love to work with someone in my area to learn the ropes on getting my first deal!