I am from OH and will be moving back after my retirement in 5 yrs.

However, I have located a potential second investment property I could purchase *after finding my primary residence for me and my family*Deal looks like this:6 2br/ 1.5bath Unit w/ Brick Veneer Two-StoryAsking price: 171,000Income: 2300/monthNOI:13,800CAP: 8%Remarks: Roof 6 yrs old, all units occupied.

I have a second mortgage which i took out to extend the house with £15,000 left to pay.I am paying double on the second mortgage to try and get it finished and it wil be done in 3 yrs.

My wife became an agent and I quite my job of 25 yrs with a credit card and we jumped in 15 years ago and never looked back.

I've helped my parents renovate each of their 10 or so rentals and Airbnbs.More recently I've had the chance to work alongside a handyman for 2 yrs, and then a remodeling contractor.

I bought my grandmas house for the taxes that were owed on it total about 2,500 bucks its been abandoned for 9 yrs.

The note is in yr 12 of the 30 yrs amortized.

wow I'm 19 yrs old too and was also looking to try my hand at multifamilys I thought like getting a fourplex would be good but these are hard to ind in my area a duplex or TRU is a great idea because of the potential for multiplied cashflow also hopefully you'll attain appreciation my goal was to acquire these build up equity and appreciation and sale and avoid taxes by doing a 1031 exchange and use profits as down payment on an apartment building  but def I think you should start with multi .

@Trevor Lohman: 15 yrs is too short.

I'm 16 yrs into a career as a firefighter, currently a captain in a suburb of Dallas.