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Updated over 1 year ago,
Just a new guy need some help :)
Hello to everyone I’m new here in bigger packets I’m about to finish my first book “how to invest in real estate”.
I have a few questions before I will buy my first house.
I just got my social security number lately (I’m in a process to get green card) So I didn’t building my credit yet, I have 100k that I want to invest in house and rent it. My plan is to buy house around 75k invested around 25k for rehab or finial fixing and rent around 1,200k I plan to hold it for two years till I build my credit, save more money buy more house in cash and when the time come (hopefully around 2 years) cash 70% out use it for down and buy 5 more.
My salary is around 120k a year and I don’t have any spending besides groceries. (My work pay rent and car)
Now that you know my plan,
there is better way of doing that?
Do I prefer using private loan to save cash on me ?
There is a way to make this plan in short time?
What should I be worried off?
Should I consider do it different?
What you will do?
Thank you for you all I do appreciated!❤️