You will also be able to buy distressed properties and finance the renovations with a hard money loan.

Dan Liao They are investors who buy rentals as well as manage and manage for others.

Some home builders are eating profits buying down the rates with the lenders to get into the 4's or 5's fixed but it comes at a steep cost many tens of thousands in fees upfront to the lender.

But in the neighborhoods where I invest and have lived, you can still buy a 3/2 with a two-car garage on a 1/4 lot for less than 80K.

No, I don't buy retail.

With $15,000, you’d have around $425,000 of purchasing power, though it might be challenging to buy four units in Arizona with that budget.

How can I use that equity to buy a rental property?

We’re considering buying and self managing.

(90% of buyers will be owner occupants who can’t/wont buy a tenant occupied home.) check with your local landlord tenant laws about notice periods, post a notice and being a witness.

Investment Info:Single-family residence buy & hold investment.