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Updated over 1 year ago,

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Roy Taieb
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Just a new guy need some help :)

Roy Taieb
Posted

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!❤️

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