Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by

1031 Exchanges
presented by

Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Need guidance for attaining first rental property
Hello! My name is Jordan Pouncey, I'm 22 years old looking for some guidance on buying the first rental.
My current plan.
1. Purchase 1st home (Cheap, Good "Rentability", Under Market Value)
2. Live in it for 6 months
3. Move into a very cheap apartment
4. Repeat, If the banks allow me.
I only make 3600/mo from my daily job so Im not sure if its feasible for me to purchase a multi family unit, that I could live in AND rent right now unless I find a really good deal.
My question is, What would you do in my situation, in order to get your hands on rental properties? I'm very uninformed and not even sure if my plan is even a good one.