First deal my forever home

[Dustin Ruff]

I have yet to buy my first property. I have finally pulled myself out of debt, have a great credit score with under 10k to use and still saving. I have lofty goals to own 50 units in the next 10 years by the tIme I’m 50. I’ve also lived in apartments my entire adult life and don’t want my first property to be a live in duplex or something. I’d like to buy my first home, fix it up and refinance. Then use that refi towards my next purchase. Has anyone else done something similar or any advice on this method?

[Matt Crusinberry]

@Dustin Ruff, My recommendation would be to move toward your goal. While this is going to be difficult, as you will have to look for off market deals and use creative financing (i.e. subject to, seller financing, etc.). I think this is very feasible, and hopefully your handy with a hammer. You'll have to get out there and just get after it as you continue to save. Run your numbers on properties, and than rerun your numbers again. Learn as much as possible in the process and begin to execute the lesson's learned. Let me know if you have questions, as I'm here to help. Good luck!