Thinking its a good idea

[Jennifer Vincent]

I have been listening to Biggerpockets podcast, listening to investment audio books, researching my market and have finally sat down with my husband and made a plan. We just bought sold and a new home 8 months ago, so we are pretty sure we won't be able to get another loan for some time even though we have about 80,000 in equity in this house already. We have decided to buy $50,000 homes out right then fix up and rent them out. As of right now we only have $10,000 so it will be sometime before having that saved. Any input into this idea? The idea is -Yes it will take us longer to buy homes this way but having no mortgage payments will then help us to save for the next property.