Investment Info:Townhouse buy & hold investment in Jacksonville.

This would imply AA has an effective tax rate of ~3.5% for an investment property 

@Bennie Smith we've got a map at our website that we spent quite a bit on, to help investors understand what Detroit Neighborhoods they may want to invest in.DM us to discuss more as Moderators may delete this thread if we cover too much here.

I am looking to add a 2nd investment property to my portfolio but I have no cash to do so.

hey David,As a broker, I have several options if you're looking to only touch the equity in a second position lien on investment property. 

You could then choose a broad based index fund if you wanted to invest in the market.  

There is a 30 year conventional loan product that only requires 5% down, which is great to use with this strategy.Are you focusing on investing in Bangor specifically?

Have been talking about getting into real estate investing for the last 2-3 years and finally pulled the trigger on a 3 unit house hack in Soulard that will be closing later this month and will be self-managing the property.I'm trying to network a bit with other investors, build a solid team of contractors / handymen, and set my systems up in way to scale, but also so my tenants have a good experience.

@Jordan BrownWith $50,000 saved and no debt, you have a strong starting position for real estate investing.

Investment Info:Single-family residence fix & flip investment.