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Updated over 17 years ago, 03/29/2007

User Stats

68
Posts
3
Votes
Andrew M.
  • Pittsburgh, PA
3
Votes |
68
Posts

my plan for buying my first property

Andrew M.
  • Pittsburgh, PA
Posted

with the help of this forum and several books i have been reading in the past couple weeks i have decided that in the near future i am going to buy my first rental property.
my plan is to buy a relatively low end home for cheap with a 25 to 40 percent down payment and rent it out using a management company. my hope is that by doing this it will be less of a struggle to create cash flow and minimize my risk of buying a property that ends up costing me money. i understand that i could better leverage my money by buying a more expensive house with a smaller percentage down payment but im really more concerned with learning from this first home than maximizing my returns.

so if you have any criticism or ideas about what i should do i would really like to hear it.

ps - i am already completely intent on investing and plan on doing so in the near future, and im very optimistic about my ability to suceed in investing.... so please no replys trying to get me over the fear of buying my first property or motivating to do my first deal or get started

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