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Updated about 5 years ago,
Starting with only $25k personal loan. Advice?
I've been looking around the country including the Midwest, East, all the way to the Atlantic, also gulf coast. Cheap houses I could get for cash but the trouble is they are old, or in bad neighborhoods, or boon docks nowhere near civilization. I seriously considered becoming a haz-mat specialist with all the lead paint and asbestos in these houses. I'm just wondering if I can avoid this. I want to get into a nice cash flow situation in an appreciating market. Perhaps buy a fixer, live in it, then rent it out and do it again. How can this be done when I have hardly any income, but good credit, starting with a $25k loan? I also have credit cards I can put repairs or materials like paint on. I want to pay down debt asap. I am disabled and can own assets but not work technically. I can't have a job. I want to grow a portfolio. Also what about the bubble many claim we are in? Is this even a good time or is side lining it better for now? What about tiny houses?