He also states that if you do this the right way, you will never have to use any of your own money, as once you get your first deal, you can just use the money from that deal and then reinvest that money into your next deal, etc.  

Best of luck on your investing journey!

@Nima RezvaniThis is definitely a CPA question, but I like the way you're thinking! 

Just a shout-out here for Melanie, who helped us purchase our 3 bed / 2 bath in Scottsdale -- she's the best!

The only way to do that effectively is by using data.Access to resources like property analysis tools, calculators, and market data can help you make confident decisions.

Best to just negotiate price, closing assistance in lieu of repairs, or have seller pay your contractor up front before closing if you know and trust the contractor.

Most information on line concerning wholesaling is BIASED because the person providing the information is benefiting in some way by the distortion of facts6.

IMHO and all things being equal, this route would be the fastest way to cash flow and scale.  

Forming an LLC can be a great way to explore this and provide protection for your other assets.

For those already investing in commercial or multi-family properties, what strategies have worked best for you?