I have also have saved almost $50K so far to take a start in this game and also my personal credit score is above 750.I'd like someone to guide me purchasing my first property and want to kickstart with a small property first.

Others noted that the appreciation play could make it worth keeping, I tend to look more heavily on appreciation since real estate investing is more of a long term game.

And make sure you underwrite for true markets rents, not just what Section 8 may be willing to pay.

Quote from @Martin Streich: @Sami Gren  it is illegal to edit a contract midtermThat is not true.

Cash flow is a sucker's game.

On the flip side the clients I fund in my land deals are doing very very well in the foothill subdivision 50 miles or so west of the springs.. but thats the land game buy low sell high.. cant wholesale that stuff it needs to go on MLS to marketed and turn around time is generally 90 to 180 days but nice margins for my clients ..

That is very true and good to think on.

It's understandable to think a paid off property will "make more $" but it's just not true.

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I don’t mind having skin in the game either, but I know using private money is key to scaling one day and would like to get some experience with it now, even if it doesn’t fund a majority of the deal.