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Updated over 2 years ago,
Anything missing from this plan?
1. Fix my credit and get the work history I need to get approved for loan
2. During the next two years educate myself and develop contacts in my area, may still keep an eye out for local foreclosures
3. Buy a BRRRR, SFH, or 2 unit Multi Family depending on the deals at the time, I like the duplex idea
4. Well lets see if I can even get to 3!
I realize now that having 250k cash isn't as useful as I thought, and using all of it on my first buy seems way too dangerous. I should be able to just leave it where its, use only if really needed.
I am still a bit unclear as to how you buy a second home using the value of the first. But I have time to figure it out.
T.