You must use leverage with caution but with the right deal it can provide you a fantastic tool.

I've seen folks pick up single-family homes here for under $200K, add $20-30K in rehab, and refinance to pull out nearly all their capital.Indianapolis, IN: Indy is another fantastic market for first-time investors.

Section 8 tenants can be fantastic renters if screened properly.

Hey all, I live in KC but invest in Topeka.

Hey Colin, it’s fantastic to see someone your age diving right into the real estate world.. reminds me of when a buddy of mine bought his first duplex in Omaha.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

The profit made all the challenges worth it and reaffirmed my passion for flipping houses.

The profit made all the challenges worth it and reaffirmed my passion for flipping houses.

Want to save ALL the interest?  

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.