I need something very inexpensive.

As a followup to another thread that was posted on getting bank financing on inexpensive SFRs (sporting caps of 24-36% and up).Has anyone, anywhere, been able to get local bank or credit union financing (at least 5 yr term, could be amortizing loan or LOC, but not short term rehab financing) on SFRs where the total investment is below $30K.

You can only deduct in the current year 15,000 in expenses.

The price is inexpensive at $27, but was wondering about the content.

Thank you all for the warm welcome.I selected Missouri based on some market indicators…..the property here is relatively inexpensive and the rents are fairly high in comparison.

You will have a terrible return on investment cash flow wise on a $500k single family home as a rental after you factor in expenses (and possibly a negative return with a mortgage). 

We are thinking of getting either get an inexpensive multifamily in the suburbs just for renting, or house-hacking a more expensive multifamily in the city while renting or selling our current home.

Between my wife and I we should be bringing in around 120k- 140k per year after the move with about 3500 in expenses.

02/05/17What to expect:1) You will attend a Success path free bootcamp, where you will get some free material, where 90% of the time they will to sale a "FASTSTART" THREE-DAY BOOTCAMP for, in our case, $1990, and other Online training... the other 10% they will talk you about how awesome is invest in Real Estate (it really it is, I agree with) and then,2) You will attend these 3 days training where you expect a real class, go deep into the topics that they included for this, but guess what, 80% of the time they will to sale you 3 different packages where the more inexpensive is for $21600, YES almost $22K.

The industrial-era housing stock is very inexpensive, while the rents are moderate.