Think about your long-term financial plans.

There is also an opportunity to target the rental market with renovations that cater to both families and young professionals given its large, diverse population and proximity to educational institutions.Enhance properties to appeal to families and young professionals, focusing on durability and functionality, such as open-plan kitchens and multiple bathrooms.Example Investment: 130 Benedict Ave, Syracuse, NY 13210130 Benedict Ave, Syracuse, NY 13210 | ZillowLocated right next to the Syracuse University, and currently rented under market for $1,200 a month.

I don't have any properties yet, and I don't have any sort of written plan either.

What is your plan if this happens?

He purchases a duplex primary home this year and in 1-1.5 years he purchases a nicer larger 2-4 unit, maybe in a more desirable area – that would make sense and generally get approved with primary home financing assuming of course he was going to occupy a unit.The whole strategy he plans to employ requires a “move-up” each new purchase and he already has a SFH which causes a big hurdle in the “move-up” strategy so once again selling that would behoove him.The plan he didn’t mention which is really the only plan that will work in the short term is:Sell current primary homePurchase owner occupied 2-4 unit with 5% downPurchase additional; 2-4 units with 25% down with the remaining proceeds from sale of primaryI am happy to make an introduction to Richard if you would like to discuss further.

I do plan to manage it myself, at least to start.

Before we bought our new house which wasn't quite planned, we refinanced our townhouse to a 15 year mortgage to speed up paying it off.

Hello - I am planning on purchasing a SFH and:- Doing a mixture of Airbnb / Househacking - Building an ADU/Guest house to STRIm noticing most homes in my price range are HOAs.

Planning to use the rental as a short term rental or traveling nurses. 

Learn smart funding plans like lease options, seller-backed loans, subject-to deals, and wraparound mortgages.Build your credit and financial profile by paying down debts, maintaining a good payment history, and demonstrating your investment knowledge.