But after doing so much research about on real estate investing, I am thinking my easiest way to get into it would be to do a cash out refi, pull out approx 300,000 and that will give me more than enough to get started (down payment, possible rehab, etc)Even with higher interest rates now, if I pull out 300,000, my new mortgage payment will be right around what I am paying now (including the extra I’ve been paying to pay it off)I feel as though I will be able to build wealth quicker going this route, than I would be able to if I waited 4 years, payed the house off, then started saving for investments.

Agree, start with a house hack if you can rent to friends that is always going to be the easiest.

I had the opportunity to use the Bank of America First Time Buyers program that gifted me $10,000 for the down payment and $7,500 towards closing costs.Did we add value?

A mentor suggested her gifting equity to me instead of just selling it for a lower price.

Easiest way to avoid this would be to ask how long they are stationed in the area and if they have deployments coming up.

The FHA 3.5% down payment must come from your own funds OR gift funds.

Looking on the MLS is obviously the easiest way to find some properties that need some work but you will also have the most competition.

The easiest way to make the most money on your first one without taking six months searching for the magical or "best deal" (hint: there is no "best deal"), is to house hack.Here's some simple conservative math.

Seriously the easiest investment I have ever done.Lessons learned?

I recommend simply telling them that the property cannot be altered for the protection of both parties and that the property is offered for a one year lease term.I'm both a Broker and an Investor...often times that gift horse is really something quite the opposite.Best...