I’m excited to get more involved with this community and network with you all while taking the plunge on this journey to financial freedom.

For me, I have to admit that #1 has slowed me down along with fear of making a bad financial decision.  

I personally would make the financial contingency period be based on when you receive final approval or denied - not when the appraisal must be ordered. 

I'm an experienced investor (3 MF deals) with excellent financials and credit.

Shorter terms, adjustable and callable, waking you up from your nap to report your financials every year. 

Typically, buying a place short term doesn’t work out financially.

Sponsors who have excellent credit and strong financials can actually get a non-recourse loan with excellent rates.

Partner up with someone already established in real estate working a system that made them financially independent.Creative?

if you do not have enough money find the folks who do who are also open minded about your journey.The key is to find passionate A team members the ones who will believe in you.Perhaps I am not the best person to provide this advice because after all ... heck I am just a newbie and only 2 months and 14 days in commercial real estate journey....Yet somehow I already found one person just from a local meeting who I managed to bond with well.The idea here is to be likable and yes make contacts across both virtual levels and physical levels.In case if interested how I get folks to trust me.. even though I am just a newbie feel free to check out my journey, where I document my actions and simply share with folks my passion to gain financial freedom by investing into multi family building.If interested to see how on earth am I doing this feel free to ask me to share the link to my blog and I will gladly do so.And once again welcome to this forum and I am excited to have new passionate members in this amazing journey towards financial freedom.

First time home owner and want to know the right way and the wrong way repercussion.