Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment.

I am buying a duplex about 80k under what it will appraise for.

Investment Info:Single-family residence buy & hold investment.

@David LewisRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

It's going to be tough to buy a property without steady W2 income.  8k is a good start, but you might need to keep saving.  

If you want to buy more properties in the near future, use the $50K you have right now rather than taking out a HELOC on the property (which will be at a higher rate than 2.9%).

Investors should:✔ Monitor Blackstone’s acquisitions – Are they buying more apartment buildings, warehouses, or single-family rentals?

A few of the top trainer gurus who use to promise 30 to 40k profits per flip if you buy my 20 to 40k trainer were put out of business by the FTC.. its just not real.  

Investment Info:Single-family residence buy & hold investment.