I started investing in real estate in July of last year and now have 3 rental properties. 1 in Alabama purchased through REI Nation and 2 in Port Charlotte Florida purchased through Rent to Retirement. 

My initial thought is to purchase a multi-family home in the UWSP neighborhood. 

Purchase price: $67,000 Cash invested: $22,000 Very first house purchase, that too out of state.

Purchase price: $100,000 Cash invested: $35,000 First out of state BRRRR.

We will finance the 25% down with a loan at 3% from a life insurance policy loan and hope for the best on the conventional investor loan we will have for the purchase money.

The purchase price is right and the seller has an assumable mortgage in place at a very good rate.

For example, if you formed your business in Ohio, but intend to purchase a property in SC, you will need to register said business in SC.

Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

  $295k purchase @ 75% ltv = ~$222k loan amount. 

I expect most will be small and I can just accept it with the lower purchase price.