If you make good money doing that, do it again a year or two later. 

Focus on cities with favorable price-to-rent ratios, population growth, and employment trends, such as Des Moines, Oklahoma City, and Charlotte, while considering factors like landlord-friendliness and property taxes.

These are some of the most successful people; CEO’s, tycoons, celebs, old and new money and investors on the planet.

The lender may figure if the borrower had this kind of money they’d be making the mortgage payments. 

.🔹 Property Tax Relief – If your property is severely damaged, you may qualify for reassessment and potential tax refunds.

It’s great that you’re looking to put your money to work in real estate—smart move.A few key things I always remind my clients (and myself) when investing:1.Don’t rush it.

I'm not sure how attractive the numbers will be however when looking at HOA dues, insurance, taxes & the unpredictability of future costs with HOA dues.

I am a twenty year plus licenses GC who has built over 100,000,000. in commercial and residential construction in the NY, NJ, PA, CT and CA marketplaces. I have flipped new homes and townhomes but phased out raising a...

If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

As a side note, FDIC insurance protects depositor money, not debt.