I would buy the first one with as little down as possible, with a healthy cashflow, and then wait until you feel comfortable enough to buy the next one.

After a few weeks of frustration, we contacted a few fellow wholesalers we met at previous Real Estate meetings to JV (Joint Venture) the properties with us.

Hello RE Family,I have been studying and researching real estate since 2013 and still have not made one deal yet due to mishaps of father developing Cancer and recently passing; among other things. My desire is to ma...

@Jian GuanAsk the city if you can do a “joint service” since you’re not adding any water loads, youre just separating them so you don’t have to trench.As a customer, i think youre responsible for trenching and the City will do the actual tapping and installation of the service.

Moreover, the deals can be structured in many different ways including promissory notes, joint venture, etc. 

But I do agree that it can establish patterned behaviors (but take everything with a healthy dose of skepticism when it comes to social media these days; sometimes people only put their best foot forward via social media-- again, online personalities can be very misleading)."

We will not be forming a joint partnership company.

That said, with where the economy might go right now, just make sure you are getting AT LEAST a 5 year term, if you can find it 7 - 10 with little or no prepayment penalty would be ideal, just so you can ride out any storm that may come in the next few years.Many industry experts are expecting apartments to weather the next recession well, but you need to do your research and see if you agree, and act accordingly.Sorry, got on a soapbox there, as for other options you might consider you can always look into passively investing via a joint venture or syndication with somebody like myself, or crowd-funding is a great option too, something like fundrise.com or groundfloor.com, again, do your research.Best speed to your recovery...

Especially through a JV (joint-venture) you can gain that mentor relationship that way without money coming out of your pocket upfront...

I’ve been thinking about joint a group of more seasoned professionals to learn from and share with.