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Updated about 4 years ago,
What are the possibilities of me being able to do this.
Hey so I’m 14 so I can’t invest in real estate for a few years. What would the success rate be if I did this( by the way in the the Chicago suburbs) if I invested in B class areas with caps of 6-8 percent and average appreciation of 3-4 percent ( is this reasonable.) put 25 percent down than once I have 30 percent equity I pull it out to buy more deals. Also I’d have a 6-12 month emergency fund. What would be the chance I fail. And our those returns reasonable.Also is this top risky or no.
Edit also I’d raise rents with the market every year.