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Updated almost 9 years ago on . Most recent reply

User Stats

8
Posts
0
Votes
Jeremy Cooper
  • Bunkie, LA
0
Votes |
8
Posts

Ready to start just need some pointers!

Jeremy Cooper
  • Bunkie, LA
Posted

Hello. I'm 23 years old from a small town in central Louisiana. Wanting to get into real estate. Leaning towards buying a home 2-3 br and renting it out. In this area there's lots of smaller houses and mobile homes all ranging from 20-50k. Need opinions as to should I finance my first buy? Should I keep saving until I can outright pay for it? Should I build a small home? Most renters here are paying 400-800 for these places depending on location and the condition of the home. I've got great credit and money saved so I can go either way. Any advice will help thanks in advance. 

Most Popular Reply

User Stats

17
Posts
6
Votes
Lawrence Allmond
  • Property Manager
  • Simpsonville, SC
6
Votes |
17
Posts
Lawrence Allmond
  • Property Manager
  • Simpsonville, SC
Replied

Buy a duplex, and you will have bought to unit in one deal..Live in one side rent the other side.

That will jump start your business. 

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