Quote from @Seth McGathey: @Christina Venegas I think the tough spot you are going to be in is that you don't have that much extra on top of your original down payment yet.

Welcome to the game, William!

Quote from @Juan Esteban sola: Hey everyone, I’m 25 and just getting seriously involved in real estate.I currently work at a private capital firm and I'm trying to learn as much as I can from people who’ve been in the game for years.

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.

But you’ll typically still need:-Skin in the game (a down payment or reserves)-Experience (or a strong team to back you)-A solid exit plan (refinance, flip, etc.)

This is super helpful and I can't emphasize enough how this first sub-to purchase has been a lesson in "I don't know what I don't know." 

agreed the exit is either the greater fool theory or contact the adjacent owners and make a deal they are probably in the same boat you are in..

Many are new to the game which is fine but there is little experience and I don't want deals to fall apart.

I know how to manage chaos, keep things moving, and solve problems under pressure—which, let’s be honest, is half the game in real estate.Right now, I’m working on:Finding my first BRRRR deal under $300KBuilding my local power team (PMs, lenders, contractors, etc.)Learning from people who’ve already made this market work for themI’m especially interested in connecting with other investors who:Have done BRRRRs or flips in the Minneapolis metroKnow of off-market opportunitiesHave figured out creative financing or partnership models that actually workedI’m here to both learn and bring value.

I think waiting is prudent but also the opportunity cost of not getting in is high too.