thank you so much, i can't let her out just like that, i wish i can as she has drive me crazy like 20 times a year with her heating issues and others issues. i have to keep renewing her lease unless she is paying late cotinuesly or no payment or i move in by myself or i sale the property.

If your student loans are only 3-5% interest, that's pretty good so I think it's okay to pay those off over time.It sounds like you're making good income with your current employer and there is room to grow, so I'd plan to stay with that job until you can pay your high interest loans off and save enough for a down payment for your first property.

If you were able to pull out $500,000 in existing equity out of a paid off rental and disperse those funds to acquire 2, 4-unit MFR properties and had the income to support any future CapEx and the interest payments on your HELOC ( including the extra income to paydown the loan ) would there be any " gaps " or problems I'm missing in this situation where it would be a bad enough idea to not go through with acquiring more properties through a HELOC on 1 of 5 properties you own?

This means 20-25% for a down payment, and it has to be your money that you're using (verifiably in an account that belongs to you).Though there are programs that lend up to 90/100 to first-time investors, those programs usually don't work in Maine due to the rural nature.

Hi!I'm looking to start investing in Cleveland, and was looking at some 3 bedroom properties. The section 8 voucher pays $1,550 per month to 3 bedroom properties according to the Cuyahoga Metropolitan Housing Authorit...

So, even if you could get a down payment and loan for a property, you would LOSE money even at high rental rates until you ran out and got foreclosed on and still not be giving anyone a break on rent prices. 4.

(You’re paying $500/mo in but if you gave them $X (Say $80k.) it would lower your payment $500/mo.)

Put a pad with a digital lock on one door. 

You only need a place to track tenant information, payment history, maintenance, etc.

How much cash do we put into the property with our down payment and holding costs, and how much are we getting back in profit?