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Updated about 5 years ago on . Most recent reply

Account Closed
  • New Madrid, MO
3
Votes |
12
Posts

Newbie starting small, how to build?

Account Closed
  • New Madrid, MO
Posted

I am from a very small, and poor area. I have bought a foreclose for $19k. Probably worth at 30k. I’m a single mom on low income but save most of my money. I want to build for my future and my daughters. Any advice on how to keep going? Building? I make 2k per month and able to save around $1000 per month. I’m reading, researching and learning all that I can. I put down 5K for the house and got a bank loan for the rest. I want to keep buying and reach 10 houses in a few years!

Most Popular Reply

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308
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217
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Nic S.
  • Danville. CA
217
Votes |
308
Posts
Nic S.
  • Danville. CA
Replied

@Ashley McSpadden congrats on saving 50% of your income that’s impressive, especially with a kid. I would look at house hacking. You can get a duplex with 3.5% down live in one unit and rent out the other. Keep saving and I’m a years time move out and rent your unit.

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