Joseph A. i live in richmond. i have 4 rentals but they are not in texas. i attended my first meet up in sugar land a week or so ago and it was amazing. it was really nice to meet like-minded people in the area. i highly recommend going to any meet up that you can. i’m happy to help in any way that i can also. what sort of properties are you looking for?

Account ClosedI hear you, but somehow people has to pay for living quarters.The question is how to get over with $15/hr with $400-800 single home property is mind blowing.Regards.

Multi families are the way to go from a mitigating risk standpoint (more doors = smaller risk per door), but more doors also = more tenants which CAN (not always) lead to more problems, just something to keep in mind.

@Victor Zhou  I'd be interested in joining the meeting of like-minded investors and share best practices.

Right now we're looking at land lots (I am going to make another post on another forum), but I've always been interested in multi-family, and wouldn't mind doing a deal here in the U.K.

If you decide to go this route keep in mind that this would be 5-year loan so the payments would be pretty high.If your 401k is with the past employer - you might be able to roll it over into self-directed IRA.

Looking forward to connecting with like minded people.

i would stay away from SFH as your first purchase. you are 100% responsible for that mortgage should something happen like you lose your job or something. a multi family gives you breathing room. one thing to keep in mind is the taxes...sure the Bronx may have higher prices compared to NJ....but you can find properties in the bronx with 2-3k annual property tax rates.....while Jersey has some of the highest property tax rates in the country. factor that into your math and not just the purchase price. 

But keep in mind all the franchisee firms are going to be focused on buying/selling full retail, MLS, owner occupant properties. 

Do you have a specific property in mind, Shea?