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Updated over 12 years ago,
Real Estate Financing
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!