its always good to get your out squared away before..... smaller local banks will be your best bet.

Me being a professional over thinker can confidently say… find something that makes sense and go for it, trust the process.I like BRRR, 18months ago We traveled to atlanta, toured like 3 properties and made an offer…. didn’t went trough… but the owner had another house, a dumpster in sw atlanta, close to US 41 in an up and coming place… fair price and enough upside….We bought it and I’ve been re building it up the last 15 months….Didn’t made us rich, but i got my feet wet and learned a TON now i discovered MTR and chose that route, looking to scale the business

.- with the present market - there are many loan officers  exiting since all the  refinance  business has  dried up  and  also since the  purchase business  isnt  very  active  ....if you can  find a compnay that lets you be a part time  LO , this wouldnt be a  bad  way to get your feet wet 

To remodel an average 3 bedroom, 2 bathroom, 1700 square foot 1950s ranch style home around here costs me about $150,000.

I'm not really asking for advice as much as I'd like to see there be a conversation on this thread... this is a lot of space & I think creativity can flow on commercial projects, which is why I like them so much.I'll attach the floorplan but keep in mind that they aren't 100% accurate, these LiDAR scanners aren't perfect yet so that's why the square footage is off at the bottom...

Interested in what square footage is going for these days in the area.

@Aviv Berkovitch here in the Chicago suburbs I have been paying around $2 per square foot for installation of flooring.

When you get some insights on that, and then you guys could pay yourselves a decent PM fee as well as your cash flow, if you are ok with those amounts, then it is not a terrible way to get started and get your feet wet.

Without seeing the property in person, and just basing off of assumed unit square footage, and rent pricing in the area both for apartments and townhomes or even regular homes compared to for sale pricing, I do believe the property is about 25k over priced.

Hey everyone, I've been listening to Bigger Pockets for some time now and really learning a lot and now trying to get my feet wet.