Using 30% to 40% is aggressive enough to win an offer especially if you can close less than 30 days.

IMO killeen is a solid investment. just have to watch which areas you are getting into. there are some pretty rough areas near fort hood but killeen is great because it is close enough to austin and people commute from there to austin as well. with fort cavazos near by and the new samsung plant coming online in taylor, it is a solid choice with steady demand for MF.

Make vacating the unit a condition to close in your offer.

I am closing on my first investment property in Austin on Monday, and believe I will have a second under contract by EOM.

@Rita Medeiros close all holes, make sure there is no rat poop in the house, and you should be set.

My only cash investment would be the 10-15k of closing costs as of right now.

Or you might choose to hire a handyman to do some work and manage them more closely than you would a more proficient contractor.

@Eric Chappell Income Statement is nowhere close to a Balance Sheet.

My wife and I decided to move to our land in South Texas and I was able to observe the problem up close and came to embrace the vision of the National Association of Area Agencies on Aging.

My goal with REI is to gain financial freedom, spend more time with family here and that are out of town (and therefore cost more to go see), and to be able to buy the things I want ( I love cars and live very close to some luxury auto dealers lol)!