The owner responded to a direct mail campaign months before we eventually closed, and the eventual conversion can be credited to persistence: our team followed up no less than twenty times to create a rapport.

Until we get to twenty or twenty-five units and $2-3 million in net worth, and we get there the solid way, my wife's probably still going to be working.

I am looking to start now, in my twenties, and create long-term wealth.

I have a lender who would give me a similar product to a bank and the interest would be 4.25% fixed for twenty years.Finding the private lender might take some work, but they are out there.

@Prachi Metha try and go twenty bucks cheaper than the cheapest listing in your area.

You'll have to pay twenty- to twenty-five-percent down because it's an investment property.An often more effective strategy is to move to a new house and rent the one you previously lived in.

I have a very nice, 1400 square foot home on the Roaring Fork river in downtown Gatlinburg. 

You're reallocating your savings to a new, more earnings-efficient investment vehicle.On the acquisition, you'll immediately improve your cash flow, and as you said, you can raise rents, increasing that cash flow in the near future.Sure, you might drop ten to twenty thousand dollars into rehab, but that will increase the property at least that much.

I'm currently twenty-six and living in the Portland, OR area.

But as those lockdowns eased, the housing market roared back to life both locally and nationally, spurred by record low mortgage rates and a desire for more space during the pandemic.