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Updated over 5 years ago,
Is there a step-by-step process to scale?
I am 17 years old, and am going to a military college for 4 years, so I won't be investing in real estate until then. However, I have $5000 right now and plan on investing in stocks for four years, and then buy a duplex/triplex wherever I get stationed.
But afterwards, could it be possible to take out a $3 million loan? Would it be a good idea?
Because for example, there is an occupied 48 unit apartment for sale right now for $3.5 million, occupied, and it averages $42,600 a month in rent, which is way more than the payment. If I saved up for an FHA loan, would it be a good idea?
My only worry would be something going wrong with tenants and for some reason I dont have any and then I cant pay the bill and I go bankrupt.