I have worked with Michelle for a few years now.

I work as a commercial mortgage broker and can source the most appropriate debt depending on the deal. 

Start small, build a reserve fund, and work with local experts to ensure your first investment is a solid one.Good luck!

I am working on getting the exterior painted and one of the units will need a full remodel.

I've found that the best areas for the investors I have worked with on BRRRR properties are areas like Center Point, Fultondale, Gardendale, and Pinson areas.These areas are solid and aren't in warzones like Fairfield or Tarrant but will also produce you cash flow and equity unlike cities like Hoover or Vestavia.

Hey Pedro, if you want to build equity quicker, then you'll wanna buy properties well in the market value that likely will need to have some work done to them to get them fixed up.

Perhaps we "buy" the house from them for the $328K balance to satisfy the lender and don't need a large down payment and then have a separate contract with them to pay $x per month until we've paid the full $172K amount.

.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

I'm working on building my buyers list, as well as just networking.

Quote from @Quinzel Waiters: Hello all I'm new to the Real estate space but I'm working on getting my first off market dealCurrently I'm looking at a heavily distressed property that's priced too high.