All Forum Posts by: Tony Dragoo

Awesome, looking for my first and then once I rent out the other unit start saving for the next property, buy and hold seems to be the path I'm looking to go down so I'm excited! Now is the better plan to purchased a house of my own after a few rentals are bought or is it best to keep going as much and buy as many as possible?

Awesome thanks Josh!

 Hey guys, I'm looking to buy a duplex/ maybe a quadplex with 8% down depending on price. If I purchased one and lived in a unit while saving with renting out the other unit/s would I be able to purchase another home or duplex without having 20% down or could I save 8-10% down and buy another? thanks!

lol thanks Morgan! I think I'm gonna buy my house cheap where I'm at and put 8% down and then save up for about a year and see if I can purchase a quad or duplex, I'm only 22 so I figure I have some time to save and act accordingly, thanks for all your help everyone! bigger pockets is awesome!

Well I was looking for buying a cheaper home in an area closer to work and an all around cleaner nicer area, but after that I was looking to buying in the 60-75k range near the college in DeKalb Illinois to start out with for renting out to people.

       I rent an apartment now so I'm wondering if I should purchase my own property first to lower my monthly payment and THEN in a few months purchase an income rental in dekalb or if I should buy an income property first?

Awesome! thanks so much Elizabeth!

Thanks so much for the input guys and gals! I'm looking near dekalb Illinois to buy a rental/duplex next to the college there since its way cheaper than where I live closer to the city, I can afford to buy two properties I'm just not sure if the bank will loan you two home loans in a short amount of time? And I could put 8% down on both loans in my price range, am I just a newbie or is this done all the time? thanks!

Hey guys just joined the site, love it! Was wondering if you would suggest buying a house for yourself first vs renting Or buying a rental property first? If buying a home for yourself first would the bank let you buy another property to rent out?