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Updated over 10 years ago on . Most recent reply

Tim Hagins's profile image
Tim Hagins's profile image
Tim Hagins
  • Investor
  • from Independence, Missouri
  • Member since Dec 19, 2014
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User Stats

9
Posts
2
Votes
Tim Hagins's profile image
Tim Hagins's profile image
Tim Hagins
  • Investor
  • from Independence, Missouri
  • Member since Dec 19, 2014
Connect
Tim Hagins
  • Investor
  • Independence, MO
2
Votes |
9
Posts
Starting Out

Would it be Unwise to start out as renting?

Tim Hagins
  • Investor
  • Independence, MO
Posted

I can purchase a property for around 14k in a 35-50k  neighborhood. Can mabey get it for around 10k if I pay cash.Need about 1.5k in minor repairs. Still have yet to have a contractor see the property and give proper estimate, renting the area is anywhere from $450-750 a month.  

I know people say you should start off wholesaling when it comes to investing!!

Would it be to much of a risk starting off renting? 

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