I have a hard money loan set up at 7% to both acquire the property and rehab with interest only.

If you want to acquire as many as possible with low down payment owner occupied loans then you want to start with smaller units and denser housing.

You were able to acquire a property that is paying for itself with little to no money down.

I am looking to acquire property in the Philadelphia area.

The nurses, gardeners, clerks, artists and teachers you claim are losers, living paycheck-to-paycheck, not saving - pay your rent and so help you acquire the wealth you are achieving now as an investor.

Let us use this time to acquire knowledge and get connections with other members about REI.Keep safe!

Usually, you have to come up with 30% down to acquire the property, and then you have to foot the bill entirely for the renovation costs.

That sounds reasonable to me, but be sure to have that written out in your budget for this property, as well as your timetable for when you are able to acquire your next property.

Traditionally my only exposure with real-estate is taking equity positions in large multi-family properties.But, I think it might be worth learning to acquire properties on my own.

Some of the wealthiest people in the world have used real estate cash flow to acquire their fortunes.