This would update the house and consolidation our loans, but we are trying to get out of the middle class trap so we want to purchase our next rental property.

If so, what would have the highest yield?

And don’t overthink—your first deal doesn’t have to be perfect; it just has to get you in the game.You’ve already taken a big step by asking for guidance, so keep that curiosity alive and stay consistent —let’s crush it!

@Kenny Smith the data I saw yesterday from Metro Denver Economic Development Corporation says that the front range is losing a few folks and the Western Slope is gaining a few more that your above number so while Colorado is gaining, the front range is losing and the Western Slope is gaining more.

Please - do this today: Send her a Notice To Quit for Non-Payment of Rent; you will need to send this to her via USPS with proof of delivery required so you can use it in any legal proceeding.

Most will not do 100% loan-to-value so plan on something less than that for the loan amount.2.

I RARELY will do a deal for someone i have not personally met.. so I do a lot of flying :)  

I also want to learn about other types of investment besides real estate so if you have any suggestions let me know. 

If they buy something for your property and you pay them back, it’s just like you bought it yourself—so you can count it as an expense in your bookkeeping.If they don’t get reimbursed, then technically it’s a gift/donation, and you can’t deduct it as an expense.

Went for sale so I jumped on it.