You also will want to stick to on market properties at first because the purchase process and evaluation process (namely title and inspections) will be more defined.

The best option would likely be a construction loan, which can cover both the purchase of the land and the build.

I have purchased my first home already!

I recently purchased a property in Fulton County.

Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.

Purchase price: $90,000 Cash invested: $60,000 Buy and hold that I still have to this date.

Hopefully, you find it helpful and qualifies us to assist you with your goals:)---------------------------------------------------------------------------------------------------Recommend 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?

Hi Troy congrats on your purchase, which it seems you purchased at a forelcousre auction.

@Kyle LipkoRecommend 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?

I may at somepoint consider utilities like energy and water, and how I can become more self sustaining, purchasing stocks is one way I can make my money back, or obtain ownership in what I am spending on in terms of utilities.