I would like to purchase a 2-2.5 mil home with the proceeds that will eventually be our primary, but that we could buy initially as a second home/investment and rent out for the remainder of 2024.

I think it would be great for a multi family building with 10 units or more and they don't believe it would be a good investment because you don't see vending machines in apartments, even with 50 units.

This is an investment type/ learning platform to be sure!

Just like any strategy it depends on your goals and how a MTR fits into those and your other investments. 

As we get older, we no longer have the desire to add more homes to our portfolio.That said, with our experience doing rehabs, working with private funding and with the majority of our homes paid off, we are now in a good place to start offering investment funding ourselves. 

Depending on your method, I will use your 100k of cash to invest out of state, like Alabama, to buy two to three properties (leveraging the loan and cash flow) or purchase an Alabama house in all cash (higher cash flow).Keep on renting in the meantime.

Investment Info:Other buy & hold investment.

Investment Info:Other buy & hold investment.

Investment Info:Other buy & hold investment.

Hi all, I recently bought a house near Scranton PA it is my first investment property.