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Updated 3 months ago, 09/11/2024
Taking the First Step
Hi everyone, I’m from Independence Missouri, 22 years old and getting out of the military very soon. I’ve always wanted to get into the world of real estate, however i’ve never dipped one toe into buying and renting out homes. I think it’s because I don’t know where to start or even on how to buy one. Here is what i’ve gathered so far.
- Get a good interest loan while putting 20% down on a house
- live in it until you save another 20%
- rent it out and repeat
My question:
Can I even rent a place out and keep getting loans for the next house aka good debt? by doing that process?
I know there’s many methods but I think this is the simplest one. If I’m missing a step or clueless please let me know.