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Updated 6 months ago, 06/19/2024

User Stats

8
Posts
5
Votes
Gavin Doyle
Pro Member
  • Investor
  • Oklahoma City, OK
5
Votes |
8
Posts

Stuck in a Rut

Gavin Doyle
Pro Member
  • Investor
  • Oklahoma City, OK
Posted

Good morning BP!

I am 25 years old and own a duplex and one single family home that I currently live in. My current plan is to buy 1-2 single family homes to rent out per year, and then eventually move out of my current home to rent out as well, once I find my forever home. 

I have a full time job which gives me the ability to save enough to buy 1-2 properties per year by putting 20-25% down. The properties I’m looking at are 3 bed/ 2bath, well kept, and don’t require any construction. My question to you all: is this the best way to go about it? I would love to purchase 10-15 homes and then focus on paying off all of the mortgages to have a greater monthly income. Please let me know if any of this didn’t make sense! I’d love to hear your advice. 

  • Gavin Doyle
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