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

My friend has 3 rental properties there alone and when I asked him about buying more he said if he did buy it would be there.

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

If you use the extra $100k of cash you receive to just...live on, buy a jetski, take a trip to Disney, (any personal use) the interest for that portion of the loan will not be deductible. 

Can you sell the car and buy a junker for a year or so? 

And someone jumping into this as a complete newbie can expect that they have a decent chance of making some expensive newbie mistakes.

from those I know the way they got going was to buy a 4 plex when it went up in value sell and buy an 8 when it went up sell buy a 16  then a 40 then 100 extra and you need no partners.. you grow it organically. however of course this is not pay 40k and your instantly an apartment owner..

I also got great value from a very expensive course on how to properly buy & manage residential real estate.Regardless of cost, the ones that offered low value were the ones where the founder wanted to sell education as their main business. 

Investment Info:Condo buy & hold investment.

I posted on Facebook that I was looking to buy a flip, and a fellow agent sent me some details about a property she was going to list.