Having hands-on skills in repair and remodeling is a huge advantage when starting out, especially for flips or managing rentals.One tip I’d share is to focus on building a small local network of agents, lenders, and other investors who can guide your first deal — it can make the process much smoother and help you spot opportunities faster.Curious — are you leaning toward single-family rentals, flips, or a mix as your first investment?

At this point I am trying to gain insight on if I should look for another contractor to finish this job (the additional bedroom) or outsource specific task like for example electrical to skilled tradespeople and complete the task I am comfortable with doing myself.

It is worth digging into the details with a professional.

Do not try to qualify as a real estate professional with a w2.

Am interested in a copy of a professional log book as well...thank you...

My wife is a stay-at-home mom but handles leasing, tenant issues, repairs—basically runs the rentals.We’re exploring if she can qualify for Real Estate Professional Status to offset my W2 income.

Research does not count towards the hours per below link.Research: Many investors who claim to be on real estate professional status research other investment properties to fill in the gaps left by their hourly obligations and day-to-day engagement.

Quote from @Jessica Miniru: Cold calling skills are great very few want to do it and that leaves it up to you to handle it and crush it for the people that do not want to do it.

The agent you are working with isn't skilled/experienced enough to navigate a conversation where the seller's motivation, urgency, and price flexibility are revealed- Low DOM.

Deals are great, but funding is what makes them possible. Whether you’re using traditional lenders, private money, or note financing — the key is understanding leverage and building relationships.
How did you first l...