@Christian Ortiz another strategy is partnering with a money person who doesn’t have the time to look for deals or manage the investment.You do the groundwork, analyze and find and manage the deal, and he provides the cash needed and or mortgage.You can then split the profits 50/50.

But I do have a close friend a Realtor, A DIY and and Accountant rolled in one to do the groundwork for me.

Wife & I completed a 1031 into our 6-unit MFU and did all the ground work of finding the replacement without the use of MLS or an agent. 

Short Timer's disease: I am retiring in Jan, but I started laying the ground work in 2012 when I started my first RE investment holding company (Tooker Investments, LLC).

Still have a couple more years to lay the groundwork for the plunge into development on my own though.

I like someone who does all of the ground work for me.Finding dealsWalking the property and seeing how much rehab it needs, taking pics and vids if neededFinding contract and walking contractor through propertyMeeting inspector at property.

Other wise a buyer needs to jump on a plane and go search this all out for themselves and spend a lot of time on the ground work with a local agent and make your offers.. there is a fine balance here. 

In that case i would advise partner with someone whom you can trust and who is willing to do the ground work.

Has both value in our Teak Plantation holdings, but also due to the location, has Appreciation value due to the development that has already occurred in that location.Lay your groundwork and get ready when your market turns to a Buyers' market.

This may cause the expanse of future properties to be slow at first but my hope is that this method insures the continued ownership of the property thus laying the groundwork of a portfolio rather then the flipping game of constantly owning and selling properties.I was wondering if this is the most effective method or if there may be another method of going about your first investment property?