(I'm looking into following the million in net worth plan from the book)When buying a property for a low value ex: a duplex in Cisco TX for 95k and probably cheaper.

I meet the requirements, which are: 1) More than 640 credit score. 2) No missed payments 3) No second mortgages 4) did not use a down payment assistance program to buy the home.  

you have Newburgh, the Lehigh Valley in PA, northern Fairfield County in CT... here's what happens to folks who buy far away because the price point is low:https://www.biggerpockets.com/forums/48/topics/1137397-balti...https://www.biggerpockets.com/forums/48/topics/1160450-run-i...https://www.biggerpockets.com/forums/963/topics/1195280-expe...

Hi Everyone,I am doing some research and planning on buying a rental property next year (I am currently saving for my wedding).

Welcome to the forum Ranil,Turnkey properties are mostly buy and hold.Can't really "flip" them per se as the provider will not leave much (If any) equity in the deal.

It sounds like the lenders won't really allow us to change the name on the loan after purchase typically and if we buy in the properties through the LLC the 1031 exchange would be disqualified.

Ideally you'd evict the tenants, find some other sucker to buy your high-crime neighborhood property, and start over somewhere else (even in Detroit).

In theory you can buy a house in St.

I returned from a deployment in 2019 and bought my first home with my VA loan with 0% down in 2020 and then a few years later (2022) I had alot of equity in my home so I got a HELOC of $30K and used it to buy first property.

Like if you want to become a wholesaler or if your buying a deal from a wholesaler?