Investment Info:Townhouse buy & hold investment.

Hello All,Wanting to start buying Properties out of state and turning them into Section 8 rentals.  

I have a guy that buys single family homes at $150,000 no rehab puts 20-% down and rents it the next day long way to invest but he has been doing it on the upswing and now just refinance the older ones to buy the next ones.

Or made the terrible decision to buy it in your retirement account. :-)If the point is just to have cash you can do a cash out refi and get 75-8o%.

It turns out that even though you are buying a subscription, QB Online only allows one entity per subscription.

LOL) that week just flew by, too busy trying to buy gifts for this Christmas party at my friends house, and too many last min change of plans...

I recently sold a property and made a little bit of money, and I would like to redeploy the proceeds into buying more real estate.

Is labor usually $30 a board, plus you buy the supplies for them too?

@Michael Bishay you're mistaken if you think buying S8 rentals will make your portfolio easier to manage and more profitable.You're just trading one set of problems for another.But, you probably won't heed this advice:(So, yes, seeing if/how any Class C tenant has trashed their current home, will give you an idea of if/how they will trash yours is a great screening tool.We've been doing this for almnost 2 decades.The COVID mainstreaming of Zoom has made it so much easier!

My partner actually lives in the area that we want to invest in.The long term plan is to just use this as a buy and hold.We were planning on splitting all the repair costs.Great insight though, I think we will have to go back to the drawing board and see what type of property would truly benefit both of us.