No matter how good it looks always get a rent roll, financials and an inspection.

My goal is financial independence in 3-5 years.

We're looking forward to buying our first real estate investment property together and we're both on board with doing a house hack to get us started and on our path to financial freedom.

Theoretically if both deals make sense and are doable financially, which one is better and why?

It's all based on numbers, that are minimum/maximums that I redetermine (my REI Plan does actually), which in turn is based on my financial requirements (real life).In other words, I'm not looking for needles in haystacks, I'm looking for stacks of needles, by using reverse engineering.

How do you guys know when its too much work for you and financially its just makes no sense?

Hi fellow members of Bigger Pockets forum,My name is Franz and I'm from Iceland, I have extreme interest in investing in real estate but after analyzing almost 50 deals here in Iceland I can't see any price to rent ratio make any sense financially, and it's hard to calculate it because there are around 0-5 rentals in each town so it's hard to compare to a property that I want to buy and analyze.

This ensures that the tenants have been financially responsible enough to have some cash on hand, and they want to stay because of the slightly lower rent.

So that they have a little on going skin in the game if they feel it is truly a good dealIn my experience I have not seen that.. wholesalers are all about getting paid up front.. end of that discussion.. many need the money to keep feeding the marketing machine and simply are not financially able to take back end profits .. thinks more of a used car salesmen mentality than a sophisticated JV partner

I would appreciate any insight or tips I can use to gain financial wisdom and become successful.