I know a good amount of Birmingham investors and I know market is slow right now but I haven't heard that much of a decline in the market.

This amounts to lost opportunity because if you had purchased RE, at the closing it can start producing return. 5) ADUs detract from the existing structure whether this is privacy, a garage, or just yard space. 6) this is related to number 1, but there are many more buyers looking to purchase homes for their family than there are RE investors looking to purchase small unit count properties.

I make a decent amount of money nearly from my W-2 (over 100k) but still not enough to easily buy another property this year especially if I have to put down 20%.

Any example KPIs and bonus amounts?

Real estate is so localized that most federal based policy changes don't have massive influence.I can see him (semi-)privatizing Freddie/Fannie.

Hi Joshua, the amount of down payment also changes with the cost of the property, so starting with a less expensive property may be smart (for multiple reasons).

@Shawn Callan your plan is high risk due to the amount of debt you're taking on and the negative cashflow.What happens if you get a bad tenant and it takes you months to evict them and they trash the place on the way out?

This is platform for professionals and novice investors and you will learn a lot of valuable, hard-earned lessons in a short amount of time.

Your new ARV(after repair value) should be supported by an adequate amount of comparable sales in the area(duplex's).

Also, as fyi, the load amount is for $487,500 (I'm not entirely sure if that would fall under a large transaction category).Yup  I would say there is a good chance that you front the 7500 and don't get the loan..