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Updated over 5 years ago,
Looking for some direction
Hello everyone, I'm at the beginning of my real estate investing journey and I'm wondering what my next move should be to get into multifamily. I decided to make a post and see what kind of guidance I could get.
So the situation is that I own 3 homes. All 3 homes are in Dayton Ohio and 2 of them are free and clear. The home that still has a mortgage is worth about $140k to $160k after updates with the current mortgage being $70k and is currently occupied. The other homes are worth about $30k to $40k each but both are in low income areas. My father lives in one of the low income area homes and the other needs approximately $10k worth of work. What would be a good next move to transition to multifamily?
Also I'm 29, resides in Indianapolis, $60k a year job, hardly any debt, and have about $1k a month worth of expenses.
Thanks!