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Updated over 11 years ago on . Most recent reply
A different newbie
Hey everyone,
My wife and i are from Grand Rapids Michigan....I've been on the site for a while, reading a lot and soaking it all in! I've read the beginners guide (found it very helpful) and several books as I've researched this avenue of investing. Were interested in getting started in SFR and growing from there. I may be different in that my wife lives of a trust fund and that is part of our reliable income. We have recently bought a new house with $150,000 down on a $390,000 sales price. I make a decent income and the house is in my name (to jump through all the hoops with lenders right now)...we both want to get stared in the next 6-8 months but I am not sure on the exact financing we should pursue...
We are not trying to get rich overnight but would like a new investment that could grow to the potential of me leaving my day job. We are looking in the 30-50k range for our first. Looking for any and all advise along the way as 90% of you can probably speak from experience....if you were me, where would you start?