I live in New York City- local prices are insaneI have a full time job with a Global corporation and make a decent livingI have a wife & kid- live in a rental apartmentI have fair credit which is steadily improvingI have 12k savedSo, my initial step could be:Invest in TurnKey Single family home through Memphis Invest (I like them and have spoken to their reps- but am open to other out of state investment options) - This requires 30k initial investment so, we are talking a year and a half more of savingGet a partner to do above quicker but give up 50% of cash flowFind a Subject Too, Lease Option or Rent to Own property in my area for myself, use the 12k for a down payment to the owner/leaser and take over ownership with a bank mortgage of my own in 12-18 months.  

We need a home in a good community that offers good schools for our kids, so we are diligently working to get everything corrected.

With 3 kids we are always at the dr.

I'm just worried about inheriting a bad tenant - they have kids and I know it's hard to evict someone with kids.

I'm just a kid with a dream to become an investor.  

The only caveat is if you want to stay in the same place forever or while you have kids at home.

Then, took the remaining amount that was left & spent it on a trip to Disney world, because we wanted to kids to experience Disney.

Hello! My name is Athena. I'm from Pittsburgh, born and raised. I'm so very glad to have found this website and forum. About a month ago I decided that I wanted to buy a house that I could live in, and also collect re...

We do not have kids yet or any other main reasons to keep us here.  

We own land near my husband's family and had put a new double-wide manufactured home on it in 2003 as we raised the kids.