Investment Info:Large multi-family (5+ units) buy & hold investment.

If you want to scale faster, investing in cash-flowing out-of-state properties or value-add opportunities in Baltimore County could be a better move than waiting a decade to buy in Montgomery County.

I work with a ton of new investors as a realtor the #1 way to get started is just find a 2-4 unit in decent shape and buy it low down with conventional financing 5-10% then you can live in it for a year and do another next year.

Greetings everyone.Not sur if this is the right place to post this, but here it goes.I am in the process of buying a second home.

I think there were probably several of them that got up the courage to buy one or a couple of properties.

Since the cost seg study would just create an even bigger loss, it might not actually help you this year if you don’t have taxable income to offset.But here’s the part a lot of investors forget to consider—if you’re planning to buy another property this year, this loss could affect your ability to get financing.

Investment Info:Large multi-family (5+ units) buy & hold investment.

Right now in DFW area it is probably cheaper to rent then to buy. 

Those that cannot weather the storm get wiped out.Having cashflow positive properties provides a margin of safety you just do not have with negative cashflow.Why are you focused on buying in your backyard? 

@Sean Dillon figure out how to buy a 2-4 unit with FHA loan.Then rent at least one of the units long-term for stable cashflow.Try STR in another unit as well as the other bedrooms in the unit you live in.You may even consider living in the basement, attic or worse unit in the building to rent everything else out and max cashflow.