All Forum Posts by: Curtis Davis

I am absolutely grateful and stunned at the outpouring of all therecommendations. This is what makes this community so special! 

I would be happy to connect with anyone through dm's if they'd like to talk more about MF investing. Lately I have been browsing Roofstock for deals because I'll be a long distance investor; 70k won't get me far in the Boston area....Haha. In regards to my investing goals, in the future I would like to leverage my properties to continue building upon my real estate portfolio. Now after reading all your recommendations, I think I might be best suited investing in a multi family because of being long distance. By purchasing one MF and not two SFR's , I'll be reducing closing costs and property management costs.

Honestly, I cannot thank you all enough for taking time out of your day to contribute on my post!

@Jordan Whitworth, @Sean McDonnell, and @Bonnie Low,

Thank you all for your advice! I should have stated in my original post my investing goals; I'd like to create passive income to hopefully achieve financial freedom. I am open to the idea of buying multiple SFR's however I'm wary to do so because of having to pay multiple closing costs. I obtained a pre-approval through better mortgage and the rate seemed high closing costs were quite a bit for a 60k house. Are there better options out there for mortgage lenders?

Again, thanks for your time and guidance everyone!

~Curtis

 Remington, 

Thank you for sharing that article and your insight!  I will give it a read now. 

~Curtis

Hello fellow real estate investors! My name is Curtis and I am currently researching how to enter into real estate investing. I have $70,000 to use for a down payment however, I cannot decide whether to split that up and buy two properties or use it all to buy a single property. I have been contemplating this question for quite some time and I thought it was time to turn to the wonderful BP community for advice. 

Where I currently live makes it difficult to buy a home for $70,000 as a down payment so I am stuck looking for real estate as a long distance investor. Some areas I am considering are Atlanta, Raleigh/Durham, Charlotte, Ohio, Alabama; but I am always open to suggestions!  Any insight or guidance that anyone can provide will be extremely beneficial and is immensely appreciated!

All my best,

Curtis