My hang up is how the land is purchased.

I have a client who purchased a triplex in Albuquerque.

Just wanted to hear from the community and get some other perspectives.I recently purchased my first home, its a duplex.

It comes down to this: How quickly and easily do you think you will find your next purchase?

While an appreciation play makes perfect sense to some (ie. if you see the price of your newly purchased house increase by 3.3% a year, in 3 years you will have gained 10% equity - which would be $20,000 on a $200,000 house), you have to be in a position to sustain that purchase.  

I am looking to purchase a single family short term rental and put in LLC.

I think being emotional is great, it means you care and you got into the business to make money and to provide safe affordable housing to people who can't purchase a home.  

This is important because the financing will dictate where you may & may not be able to purchase and could help you narrow down which route you'd like to take. 

Purchase price: $213,000 Cash invested: $13,000 This is a Townhouse located right outside of Forman university.

I would like to take 200k out of this property to purchase a new investment property.