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Updated almost 12 years ago,
Need advice-getting back in
Hi Everyone,
This place is fantastic, I have been reading for awhile.
I Would like some advice on getting back into REI. I owned a couple rentals back in the 80's but sold when I moved for my job.
I have considerable assets, just built a ranch and house with cash, will appraise for about 500.
My income is in excess of 300 and I have plenty in the stock market.
My job is temporary and will last about 18 more months.
I would like to purchase some SFH to cash flow. I have over 100 to invest and of course my monthly income as I have no debts. My CS is around 750.
My questions are, how many mortgages can one person get?
I have read 4 or 10, what is the number?
I am considering buying houses in the 75-100,000 range.
I know some may say buy multi but I ahve been looking and can't really find the right one.
If you were in my position, how would you proceed, again looking to maximize
cash flow.
Thanks in advance.