The lender is going to foreclose, then take the deficiency judgment on the balance left from the sale of each of these properties and post judgment against the other properties.

You'll be one of the wealthiest people you know by the time you are 40.As you gain experience, you may discover you hate dealing with tenants and this is the wrong vehicle for you to build wealth.

Is it time to bite the bullet and join the world of Automation?

I'm New to real estate investing and we are looking to buy our first investment property in the coming months/year.

I am planning to move to Raleigh NC within the next few months.

You would be putting too much risk on a new area that may or may not work.A 4-unit property has 4 furnaces so you could have 4x the cap ex as a single-family on mechanicals.Appreciate the reply.

Hey Ryan,Did you already buy the property with cash?

@Emmanuel Okelola Welcome and congrats on taking the beginning steps, asking for help is hard to do for so many.

Without any major renovations, we strategically sold the property the same day for $20,000.

In a fast and strategic move, we sold the home the same day for $14,000.