What type of debt is the $24k if it is credit card debt pay that off before you do investing of any kind because the interest you will save will be the safest and highest and best use of your money over any investment.

This would save her paying 6% in seller's fees or investing more money into fixing it up.

Had I knew how to prepare for this, it would have saved me time, money and energy.

I am a student in university, fairly new to REI and busy learning about my local market where I plan to invest.I am in the process of saving for loan down payment since I aim to first acquire a rental or more ideally do a house-hack when I am able to qualify for a loan (I have not researched private lending yet - any tips would be welcomed for financing options).I have a semester break coming up in which I hope to go out and get a feel for the Cape Town market - open to anything.

Like many of you, I’ve put in the hours and years at my day job, saved, done the right things, and realized that I need to be doing more than relying on stocks and 401(k)s (I’m not a fan of mutual funds).

In the Ultimate Beginner’s Guide, they talk about the 50% rule.

I’m wanting to ultimately invest in a rental in the mountains.

@Brandon Turner often talks about saving $100 per month or so for CAP EX, but we might not need this for years (hopefully).

It saves substantial $$ on flips and leasing. 

The logistics of using a land trust to secure financing, while enjoying the protection of an LLC, are laid out in this article: https://www.biggerpockets.com/renewsblog/llc-lendi...Ultimately the goal should be to keep as many financing options available while ensuring your asset protection is solid.