Hello all,I was hoping what’s the best way or options I may have to buy a property for rental use purpose?

My timeline is probably 1-2 years as I believe the market is softening right now, especially with the high rates.I have two questions: - Is it a terrible idea to actually buy a Condo/Townhome as a primary?

Scenario 1:Rate: 9.375%Monthly Payment: $1,185.31Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down: $0Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $10,526.54 (30% down + closing costs)Total Cash to Close: $58,526.54Scenario 2:Rate: 8.875%Monthly Payment: $1,144.87Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (1%): $1,120Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $11,646.54 (30% down + closing costs)Total Cash to Close: $59,646.54Scenario 3:Rate: 8.625%Monthly Payment: $1,124.87Closing Cost: $12,206.54Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (1.5%): $1,680Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $12,206.54 (30% down + closing costs)Total Cash to Close: $60,206.54Scenario 4:Rate: 8.375%Monthly Payment: $1,105.03Closing Cost: $12,768.53Broker Fees: $2,417Lender Fees: $2,170Cost to Buy Rate Down (2%): $2,240Escrow Fees: $2,797.501 Year Hazard Insurance: $1,044Impound Account: $1,598.04Appraisal Fee: $500Down Payment: $48,000 + $12,768.53 (30% down + closing costs)Total Cash to Close: $60,768.53Which of these options do you think is most suitable, given that I plan to pay off the loan sooner rather than later?

Just like auto insurance, it isn't to buy you a brand new car, it is to fix yours or give you the value of the car as of the date of loss.

So if you are using brokerage account to buy/trade some stocks and invest in trust deeds - this might be a good fit.

The best thing to do is have a conversation with a broker or lender (or a few brokers or lenders), see who you like working with and get a rough idea of how much you would qualify for based on verbal information. 

I am now in the negatives as far as ROI with things like buying lists, paying for dialers, etc.

Knowing this will inform you of who you need to hire to complete the task.

Buying a random cornfield somewhere really isn't likely to attract a data center buyer not any related interest.

Shoot me a message if you would like any more information.