@Frank Patalano
Not knowing where to start my first investment property. I’m in the process of a cash out refi, living in the Denver market, and wanting to invest the money in a property in another market of the country to make my money go further. I’m concerned that I can’t find the right city and property.
So I find myself looking for properties non stopped, but fearing it’s the wrong city, wrong price, wrong kind of home, wrong neighborhood in the city, etc.
I’m also conflicted on if I should just purchase one property in all cash, or try to get two properties with 20-30% down.
My goal, assuming I ever officially get started, would be to work towards multi unit properties and build a nice portfolio. I have a great job that pays well, and my commissions which are half my income aren’t even being counted for another year, so in theory a year from now I can double down with twice the income and grow more quickly...but I just need to get started with the right property.
Help! Lol