I am trying to accumulate more rentals, and feel this is a good step towards that goal.

do you think the quicker accumulation of funds alone makes it worth it?

So my idea was to buy the one I like with an fha loan or whatever and fix it up a little; then, as I should have substantial equity in my home, open up a HELOC and flip the other and hopefully start to accumulate some money for future deals.

Yeah the last 2 years (thundersnow aside) we haven't seen much in the way of snow accumulation.

Thanks.Not at all.... he has (with our help) been accumulating small 1st Mtg's since he was 18.

I pride myself on offering the best customer service and knowledge to my clients and I feel as if this could be a great resource for me to learn more about the investing side.My business model is to accumulate multi-family residences in Philadelphia and the surrounding counties and manage them myself until I find that hiring a property manager as leverage is my best bet.

We have purchased older, cheaper homes and new construction homes for our buy and hold portfolio and we have been happy with all of them.If you have a goal of having multiple rental properties and you start out buying the more expensive homes then it will take you longer to accumulate as many properties as you'd like, unless you are already flush with cash to go out and buy them all.

Another thing is planning out how to get rid of all the waste you'll accumulate.

(I do not live in a rich area, my riches will be an accumulation of pennies over time!)

Buy and hold is definitely the best route for a long term source of income and wealth accumulation.