Purchase price: $197,000 Sale price: $205,000 Contributors: Peter Vekselman Partner Driven and Rod King acquired this Detroit property on Kipling St for $197,000 and made a swift resale on the same day for $205,000.

For investors, this means the opportunity to acquire properties at lower entry points compared to other major tech hubs like Austin or San Francisco.

I’m looking for some guidance on my next steps toward achieving financial freedom through real estate.My long-term goal is to acquire enough rental properties to secure my financial future.

You can put a little as 5% down payment for conventional or 3.5% for FHA.Alternative way, is to acquire the 2nd property as an investment property with conventional, while putting 15%-25% down payment.

Would you say that acquiring 19 rentals that cash flow for $300-400 after expenses in 10 years is realistic in todays time?

Another avenue that may be enticing would be pursuit of short term rental. short term rental can often be acquired at 5% down. 

This will allow you to acquire another investment property with favorable terms (better interest rates, WAY less money down). 5% vs 20% down is massive and will help you acquire more real estate faster in the long run.

(We have acquired 150+ units across several properties as well as being property managers.

If the future vacation property type is abundantly available and can be easily acquired at any time, the aforementioned concern is less of an issue.Please post your experiences when you do it.Best of luck! 

Currently working towards acquiring rental properties in the future!