Just a new guy need some help :)

[Roy Taieb]

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!❤️

[Robert Schwaner]

i would maximize your loan ability, keep as much cash on hand as possible to spring for extra unforseen costs associated with any updates (also cash talks and gets cheaper prices with local handymen, plumbers and electricians vs hiring a contractor).  I love to make improvements on every home I live in so have learned a bit about the surcharge created by contractors