All Forum Posts by: Senia E Cuevas

@Nate Bell Thank you for your sound advice - I have added these to my list of things to do and will take the guessing out of it!

@Stephen Brown I will go big or go home. I have a good paying job and a decent life but I want so much more. The goal is 34 doors with 12k income in 5 years - considering this opportunity because it will be a rocky start but a great leverage for growth in terms of equity and learning. I am still looking at duplexes and looking at ways to start that allow for cheaper lessons. I will be spending some time at the property location and have some personal connections there - will make sure to learn from landlords there - thank you for the great advice! 

@Kai Kopsch Thank you for the advice... I am not too concerned with the challenge of managing as much as having no reserves after paying all the costs up front. I am still looking at duplexes and ever fourplexes - but I am ready to take action and learn on the ground! 

Hello BP, 

I joined this week and new to real estate investing - rental is the way I want to go. I found a 8 unit apartment building  $400k and have about 40k to use. Learned at the webinar this week that I need 20% down - and will have to take another 40K in equity from my primary residence which makes me nervous. The numbers look good - net 2,000 after applying the 50% rule and then paying mortgage. Should I start small -a duplex, or take the leap with this property. Thanks for your advice!