All Forum Posts by: Joseph Tadres

BRRRR out of state is a great option. You can invest in more affordable areas with good cash flow potential, like Ohio or Texas. Once renovated, you can manage the property remotely and collect passive income to reinvest.

Hey Rick, I recommend considering a HELOC to tap into your home's equity for a multifamily property, like a duplex, which can provide steady cash flow. With $10k saved, look into FHA loans or creative financing options like owner financing. Networking and mentorship will also help you find great opportunities.

Hey Natasha, We personally flipped and sold a house in Columbus, OH, to find the best-priced properties for flipping. We focus on wholesalers who often have access to off-market deals. I'd recommend you also try cold calling owners of neglected properties and networking with local investors, who can provide valuable insights specific to those areas.

As a beginner, I'd recommend starting with a fix-and-rent strategy on a duplex. This offers steady cash flow from multiple tenants, reducing risk compared to flipping, which can be unpredictable.

Congrats on getting started in real estate! My advice is to start with a duplex instead of a quadplex. A quadplex can be tough to manage as a new investor, especially if you're living there and handling tenants. A duplex gives you rental income while being easier to manage. Also, make sure to account for expenses like taxes, insurance, and maintenance to ensure the numbers still work after those costs. Get pre-approved, do a thorough inspection, and research the local market.