Whereas with a car- you could sell the car and STILL have debt.You could always do a mix of both- pay a HUGE down payment to have a bigger buffer between the home value and the mortgage + have a lower monthly payment.Regardless- even though it may be preventing you from buying RE at THIS MOMENT- you are doing a great job financially being completely out of consumer debt!

@Ray Gayk, it all comes down to what areas you are comfortable with from a risk/reward stand point. 

[After all, this site is about "bigger pockets", not "smaller pockets"].ie.

First, you can't take advantage of the economies of scale like you can in a bigger facility....meaning that as you expand, your revenue will increase faster than your expenses which will have a positive effect on profit. 

Hey all,Long time reader/listener - first time poster… I figured it was time to step out of the shadows and become an active member on the Bigger Pockets forums.

@Ryan Randels there are several posted here on Bigger Pockets as well as on Meetup.com.

We prefer to make the investment relatively close i.e. 2-3 hours flight max.We want to start small as this would be our first but start at a location where we can then buy more and bigger investments (like an apartment complex) once we have a local team and understand the micro-markets and details. have been considering buying something from roofstock.com to begin with. 

I think you'll Hain a lot from that and other books here on bigger pockets. the metrics you use for analysing a deal are determined by what your goals are do you want to hit a certain dollar amount of cash flow per door?

Hi Bigger Pockets people!!

I ran the number on the calculator on bigger pockets here, and can add that info if needed.The other option is to prepare my current house for sale for probably 15K I could sell it for 169K, and I would owe probably 116K by the time I sold it, I would have 53K in equity before I paid closing costs.