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Updated almost 13 years ago,

User Stats

17
Posts
3
Votes
Travis Vizier
  • Investor
  • Jackson, MS
3
Votes |
17
Posts

Beginner seeking advice

Travis Vizier
  • Investor
  • Jackson, MS
Posted

First off, hello all & thanks in advance for any advice that can be given. I'm interested in buy & hold on Single family homes in the Jackson MS area. My plan is to find homes in the Retail price range of $80,000-$120,000.
My day job is spent as a Nurse Anesthetist which leaves me with a healthy monthly cash inflow. My question is regarding how much should I put down on my first couple of properties?

Average rent is $1,000-$1300 in my target area.

Should I:
Try to pay nothing down?
Put down 20%?
Pay cash?

Being new to this, I have a good deal of book knowledge but no practical.

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