Hello chat, I am currently interested in an acre lot here in Texas. I’m waiting to hear back from a city representative to see if it’s possible to divide the lot into multiple lots and put a mobile home on each lot.On...

You’re going to have to buy at least $1M (or whatever you clear after selling costs.), worth of replacement properties, not $500k.

I’ve also used a HELOC to buy a couple houses.

You mentioned buying a fixer upper with your HELOC and now are talking about a 20% down payment.

I  Income:  The amount of property you can buy will be dependent on your Debt to Income ratio.  

:)Just kidding.1) Stock market: may want to do this while exploring other options, just make sure funds are easily accessible2) Buy Multi-unit: two basic options:- Buy turnkey: may not cashflow for 3-5 years, depending on your management skills.- Buy someone else's problem: can you fix their problems?

I was living abroad buying/selling real estate mostly land, and some land with structures.

I ask because we only buy houses around the southern US (TX,OK,AR,TN) but we're curious to know if more opportunities to buy foreclosures could potentially exist in other markets. 

We plan to buy a second house as well.

You can still buy houses in small farm towns in MN for $25k.