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Updated about 6 years ago on . Most recent reply
Turning a FTH into Rental Investments
I live in CT and am aspiring to attain Financial Independence. I currently focus on Dividend investing, however that is a very long term investments and will take 30-40 years (if i am lucky to hit my FI goal). I have spent the last month studying further into REI (I have looked into this a few times over the past couple years) and I feel I need some guidance.
So for a sub 30, under 50k earning person begin the process. I prefer to buy a property in new haven due to the universities as well as allowing me to live in the property and fulfill my FTH requirements.
Any advice, starting an LLC first, should I wait, find a broker first, private or public loans. Hey I know there is no perfect answer but any personal experience or information is helpful. Thank you for your time and consideration in the matter
Most Popular Reply
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@Gero Alberino III, no need to start a LLC first. Get pre-qualified for a mortgage (using FHA if necessary) and find an agent you like that understands what you're trying to do. Then analyze, analyze, analyze, until you find a deal that makes sense.