I purchased my first house (ugly, beat up foreclosure in New Brighton, Minnesota) fresh out of college and proceeded to renovate the house room by room (entire kitchen, bathroom, knocked out walls to make open concept, tons of tiling/flooring) with my girlfriend.

Hi Hubert,Unless you are buying about 80 units or more depending on the average rents per unit you will be buying yourself a job at the 25+ unit level.You could buy an all brand new property but those run over 100k a door.

Hi David,Im brand new to BP and investing in the same DC Metro Area too.

Then, after the new unit is installed, I know the house has a brand new energy-efficient furnace that is going to last for at least the next 20-30 years. 

Brand spanking new to real estate, just got my feet wet, feeling on top of the world right now

Expertise aside, it is always nice to have a "fresh pair of eyes" look at the project with an unbiased point of view.

I got a question3 months ago i got in to the contract with the Florida apartment builder and was gonna buy one of his brand new apartments.Everything was going so slow, i believe 3 months or so?

I am brand new at real estate and currently studying for my license as well.

Your best bet is to find a name-brand brokerage and hire one of their newer agents, someone who has the support in place and is hungry for business.Any decent loan officer should be able to turn out a new pre-approval letter within an hour any day of the weak; use a local lender if you can.As far as cash out of pocket, there are currently a lot of good conventional loan products out there that only require 5% down, which isn't a heck of a lot more than 3.5%.

With a brand new law degree, you can probably get good financing terms.