You're in a great position, but using the wrong type of financing in the beginning could impede the growth of your portfolio.All the bestStephanieI would definitely like to start with a multi-family home but I currently live in Charlotte and can’t afford a Multi family at the moment.

Quote from @Trent Reeve: Quote from @Bruce Woodruff: Quote from @Issa Joseph: I DIDNT GET IT LOL for now my business plan doesn't support this purchase but an extra 10k per unit per year profit is significant growth in revenue But ask yourself - how much of this $10k increase (remember alleged) could you gain yourself by doing research and asking questions on this forum.......? 

Columbus is an absolute goldmine right now - it's got robust job growth, a booming tech and university scene, and consistent strong rental demand. 

     * House is a 2699 sq/ft Single Family Residence| 3 beds, 3 bathroom | Built in 1956 | NO HOA     * There is a chance I could pay only interests so I can start saving some cash for the incoming maintenance and annual payment equivalent to the 12 monthly payments (~$5,029.77 per year during the balloon period)The advantages I can identify in this deal for me are:* Lower interest compared with traditional loans* Lower down payment compared with the ones compared for traditional loans* House is technically ready to be rented (waiting for the inspection) * Forecast - 3 yr growth (appreciation) is expected to be 8.1 % (Bigger Pockets)The disadvantages I can identify: * I am still vulnerable to foreclosure if sellers don't make mortgage payments to the bank.* Refinancing issues at the end of the Balloon Payment?

The most recent growth stocks in & out of the S&P-- Tesla is north of 100, Palantir 359, Coinbase 51, Microstrategy at -178, speculative but cyclical like Micron is 140. 

That's not to say you can't do well there, but I'd encourage you to look at Belton and Temple (which can also be very rough and block to block) rather than Killeen.The good news is that there continues to be serious population and job growth in the area.  

Many investors aim to jump straight into turnkey properties or multifamily deals to scale quickly, but the truth is that most people don’t have enough liquid capital to maintain consistent growth this way.

@Maria Jeanette Using a self-directed IRA (SDIRA) for real estate investment offers control over asset selection and tax advantages, such as tax-deferred growth (Traditional IRA) or tax-free growth (Roth IRA).

I moved here from Florida after seeing the projected growth.

If you want to do a little projecting and can see the rents returning back to normal (precovid with normal growth) then now might be a good time to grab one.