I purchased at 300k with 5% down & put roughly 90k into the property over a 2 year period.

We recently came upon a small property and are seriously thinking about purchasing our first rental!

Someone who can't save up for a new purchase every year but still has a lot of desire for growth in their area of expertise.

Purchase price: $490,000 This is a unique opportunity to participate as a investor in a single family residence valued at $3M and higher.

To OP, it's not as scary as you think it is, this will be your first home purchase, you can purchase a multi family or SFR and house hack.

You can increase returns with leverage (that is a mortgage) or with value add (renovations, additions etc).I think cap rates (rents minus expenses divided by purchase price) on commercial and industrial is higher with less work involved, but its more expensive than I can afford--so I know next to nothing about that land.

Land is valuable as I could purchase a new mobile home and install and less costs since utilities are already on the land. 

Just keep a good record of your SREO and hang onto the HUDs that you've had from both your purchase and your sales.

If you would like to generate your own leads, I would pop over to the the wholesale section of the forum and start there, and perhaps purchase some books from the BP store.

I am a rookie investor hoping to purchase my first property within the next 90 days.Kwanza Hi Kwanza,The first thing you'll need to decide is whether or not you want checkbook control of your self directed IRA.