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Updated over 4 years ago on . Most recent reply

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Miguel Rojas
  • Manhattan, NY
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Real Estate Investing

Miguel Rojas
  • Manhattan, NY
Posted

19 Yr old interested in building a rental portfolio. I currently live in section 8 with my mother. Due to living in section 8 theirs income limits that we must follow.

I was thinking buying a couple rentals under a (Corp) and paying myself a reasonable salary.

Any suggestions? Greatly appreciated thank you!

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Dave Spooner
  • Rental Property Investor
  • Cincinnati, OH
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Dave Spooner
  • Rental Property Investor
  • Cincinnati, OH
Replied

@Miguel Rojas That's a great way to go. Be sure to investigate the FHA 203k option. It's an excellent way to create some easy forced appreciation on the property. Connecting with a 203k consultant and certified contractor can also help expand your contacts in the industry and give you some training wheels for what can normally be a complicated process.

Feel free to reach out anytime you have questions.

  • Dave Spooner
  • [email protected]
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