It requires a lot of the same skills that you need to be an agent (prospecting, great communication, etc) I only had $1,500 to my name when I did my first deal and made $24,000.Once you start making more money then you can save a good amount to fix your credit & purchase your own home.Hope that helps!

I find most of the owners that are selling operating properties are doing so because they're not performing well.

I’ll explore all three, and discuss the differences of each and how they apply when exploring real estate investments.CoC [Cash-on-Cash]Cash-on-Cash Return is the simplest way to evaluate the performance of a real estate investment.

I only have 1k loss of use coverage (not enough), and it only kicks in if I have to put them up in a hotel.

@Chad Dunham the last thing you want to do is buy a multi $100k asset that performs poorly because you didn't want to be a bother to someone, speak up at least to the broker and say it isn't clicking with the agent, they can try to find you another agent, let you go, or be a massive pain (which is unlikely because their business runs on referrals and reputation).

The third thing that comes to mind for me is that you could buy all cash and refinance out once the properties are performing for a bit. 

The lender will perform a desktop appraisal but they will typically have a short view on the value of the property to protect the company’s investment which means you will be coming out of pocket more.

I only have enough money for 10% down, $15,000.

@Nancy Bachety and I only meant that early in the morning - it was posted around 6:30am 😂

Cap rate, however, is commonly used as measure of value/risk.IMO, cap rate does NOT belong here (when talking about performance measure).