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Updated over 6 years ago,
Advice please! New investor, here...
Thanks for reading my post.
After a year of intense savings, I'm ready to invest in my next property. I will move into a single family home to get a 5% down loan while renting my first house. I estimate I can have 20% down on a 150k investment home within three months after buying the 5% down home. I own a home in Colorado but as I'm working remotely, I want to invest where it's a lower point of entry so I can acquire properties more quickly, saving and investing and moving, mostly single family homes in B areas near STEM hubs. I will be using property management services for all of my properties.
I guess my question is, if you could invest in property anywhere in the US not bound by location, where would you choose if your goal is 💯 to replace your income and gain financial freedom? Suggestions and recommendations on my strategy?
Help is so appreciated. Thanks again you guys.