Purchase price: $60,000 Cash invested: $80,000 Sale price: $209,000 Im not good at this type of stuff, but a brief desciption of the property and what we did.

I bought one rental property and flipped three.

While these alternatives may come with higher interest rates, the flexibility they offer such as faster closings and more lenient terms often outweighs the upfront costs, especially in fast-moving markets.For example, hard money loans can give you the ability to close quickly on distressed properties, which traditional banks may take too long to approve.

And what did the property appraise for currently?

Section 8 is harder to do as the prices of properties have skyrocketed.

I’ve been actively making offers on duplexes for the past several months because I want to get started in real estate now.

Keep leveraging your knowledge of local opportunities to acquire your first property and expand from there.Financially, reinvest your earnings, and make sure you have a solid grasp of cash flow and expenses before making your first purchase.

If I purchase a property with cash, can I still obtain a mortgage later?

Find a neighborhood you like, find a house you like, buy it, and hold it.Focus on learning to analyze individual properties.

My company manages properties nationwide; some for local investors, and some for investors with properties hundreds of miles away!