I'm not completely committed to this deal but I'm using it more of a case study for when I am fully pursuing a multifamily.

Hi Everyone, My name is Rey and I am new in this business, studying, and learning as I go.

Study Mr Nelson Nash’s work become your own banker, read as many books on the subject as you can.....many are free.

On the 4th time I hit the ball and closed the deal and I paid $50,000 in legal fees (success has a cost too - LOL).And that does not factor in the many hundreds of hours that I spent on studying markets, talking to people, making offers, doing due diligence, etc.If it were as easy as what the gurus say, real estate investing won't be as profitable.

Hey BP family,I've spent most of my life in civil service and the music industry.

If your out of the country and a complete newbie I would suggest do as much reading and studying about real estate as possible.When I got interested in real estate over 17 years ago I began to look for more knowledge and it helped a ton.

With that in mind, I suggest digging deeper by studying the neighborhoods within the city to identify the areas with the most opportunity!

And pre lim studies etc can easily run 50k.  

Over the past few months I’ve been studying and researching to learn as much a so can about real estate investing.

When studying my MBA in finance, leverage was discussed ad nauseum.