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Updated about 12 years ago on . Most recent reply

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3
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Robert Man
  • Atlanta, GA
0
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3
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Need advice-getting back in

Robert Man
  • Atlanta, GA
Posted

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.

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