I moved to Florida a little over a year ago, I bought my first (and only) house about 4 months ago.I am highly motivated to start in the real estate filed.There is one problem- MONEY.Right now I'm trying to save money to invest in a second home.Every morning I wake up to a 9-5 job, stare at the computer all day,and I feel like I can do so much more.I know how to work with my hands, and I renovate in my free time.I would love to work in this field and to learn the profession.If anyone is interested in mentoring a young and motivated guy, please leave a message here.Thanks!

Our dream was to find something cheap enough that we could renovate and make our own.  

Has anyone used a HELOC as a down payment for a bigger loan and for renovations?

So I've obtained July and August rent in advance, and secured a larger deposit than normal. 

Owner of a property in each city and now focused on investment opportunities with upside (renovations, change of use, working thru legal issues, etc.). 

As we celebrated the birth of our first born, and I worked from home, the walls closed in – so we went in search of a larger home and decided to rent it (we got just enough to cover the mortgage, but the taxes went up and before long, the difference was $100+/-month) …..and we took the first tenants who showed interest with $ in hand….which, unfortunately, were college students (The largest school in the nation , UCF, is 10 min away).

I can't understand if it is better to use this one-time big sum (>$300-400k, maybe a bit more) to leverage into a large (10-15 unit or up) MFH where I would be borrowing a lot, or to mostly pay off something smaller and immediately have a larger cash flow.

Two bedrooms or larger?

I am also wanting to partner on a larger multifamily unit sometime soon.

I purchased a townhome with the expectation of either 1. renovating and reselling it or 2. renting it.