As a beginner, I would personally get my feet wet with something a little less risky without a balloon payment like that.

Explore my personal favorites, Set For Life by Scott Trench or The Total Money Makeover by Dave Ramsey, for invaluable financial insights.3.

Myself personally I'm invested in Buffalo and NYC, but that's because it made sense for *me*. 

Personally, I would pay off the higher rate first. 

Fannie Mac is a publically traded company, ticker FNMA (more later).These GSE’s were created to to promote homeownership by providing liquidity to the secondary mortgage market.These are GIANT housing players, and this is hard to understate.

So now I have both my personal residence and a leased property as STRs.Even though I live 3 hours away from my leased STR property, I've built a team that assists with managing it, so I don't have to be there all the time.Here are some key things I've learned:Regulations: Research the specific STR regulations in the state and city where you're looking to buy.

How much can you get on a personal loan?

TERMS- Deal Type: Seller Finance- List Price: $580,000- Purchase Price: $780,000- Seller Carryback: $693,000- Total Entry: $100,000 Breakdown: Assignment: $13,000 Down: $87,000- PITI: $2,657 Breakdown: Principal & Interest:: $2,000 Taxes: $464Insurance: $193- Rent: $5,250 ($750-800 per unit)- Amortization Years: 28.88- Interest rate: 0%- HOA: NONE- Balloon: NONE- EMD: $5,500- COE: Feb 12, 2025- Occupancy: Occupied, Occupants staying post closing- Title company: PROPERTY DETAILS:MULIT-FAMILY7 Units - 2B/1B per unit- Living sqft: 5,200- Year Built: 1940- Age of Roof: 1- Age of HVAC: New- Age of Water heater: New- Condition of Electrical: Good working condition- Condition of Plumbing: Good working condition

I would spend money to enhance and update to current standards the search functionality and person to person tagging so it's easier to find stuff.

Now, if you haven't yet, now is the time for you to go see the situation in person.