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Updated over 12 years ago,

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2
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0
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Nathan Harris
  • Homeowner
  • Amarillo, TX
0
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2
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Real Estate Financing

Nathan Harris
  • Homeowner
  • Amarillo, TX
Posted

Hi my name is Nathan, I've been reading here awhile, but this is my first post. I'm interested in getting into real estate once I finish school, and currently have 1 rental property. I've been trying to put a realistic plan for a buy and hold strategy, and I'm not sure what is realistic as far as financing goes. I'd like to start out buying about 1 property a quarter looking at properties in the 40k-80k range and putting 20% down. I should be making a pretty good salary at about 130K/yr, and my credit is good. Given these parameters, do you think this is a reasonable(doable) strategy. Will I start running in to financing problems, and if so, when(house #). Is there a way to be more aggressive, or will I simply run into financing issues trying to grow quicker than this? I am interested in fairly traditional bank financing. Thanks for your input!

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