Updated almost 11 years ago on . Most recent reply
what am i missing in my investment plan?
My thoughts on my investment strategy would look like this, in a perfect world. If I find a fixer upper for $30K say in TX and buy it cash. Assuming the property only needed $10K of renovations done to to make it renter ready and appealing to the renter. The $10K would come from a small loan, that i would try to pay back asap.Then say the Property rents for $1000 a month. I'm assuming that the property management company would coast 10%. It would then take me about 11 moths to pay off the small loan. After that then i would start saving for the next investment.