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Updated almost 10 years ago, 02/22/2015

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6
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0
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Josh Martin
  • Sterrett, AL
0
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6
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Which way to go?

Josh Martin
  • Sterrett, AL
Posted

Hello everyone,  I am looking to jump into the real estate game and would like some guidance.  I am a 24yo that works full time as fireman and just recently got married.   When I married, I moved in with my wife and rented my house out.  After seeing $250 of passive income a month I have decided that I want to continue with more properties.  I have about 70k of equity in the rented home and I want to use it to add to my.  I would ideally like to own multiple cash flowing rental properties.  My question is how do I best utilize my equity?  Do I buy and flip a couple houses to generate cash for rental properties?  Do I use my equity to buy several rentals right out of the gate?  I am in Birmingham Alabama, so if anyone knows of any investor friendly lenders feel free to share.  Thank you for your time!

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