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Updated almost 9 years ago,
buying super low.. advantages and disadvantages!?
so I am a newbie ... I want to invest In real estate but my cash flow doesn't allow me to take the plunge
I look everyday on the web at houses in the Massachusetts and n.h. listings at houses under 100k. the monthly mortgages will suit my income as of now and seem possible to get my feet wet. I've seen properties for 30k-60k that obviously need work and time.
are there any advantages to buying super low like I said and holding until I can rehab and or sell for a higher markup.
are the disadvantages to discouraging to start now even though I will be obtaining an asset when I currently have none?
just looking for advise in how or when I should finally start my dream in investing in real estate.
thanks!