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Updated over 5 years ago on .

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Chris Pugmire
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Starting with only $25k personal loan. Advice?

Chris Pugmire
Posted

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?