The biggest mistake many make is purchasing their first property in low barrier markets with poor fundamentals  solely because the real estate is inexpensive and it’s the only place where they can afford to buy.

There is somewhat of a "glitch" in the market were rate-term refinances at 80% are available, "punishing" those that buy in cash instead of hard money

Investment Info:Single-family residence buy & hold investment in the White Mountains of NH.Single family buy and hold property with the primary goal being STR income and appreciation.

If you’ve never owned a rental before, I’d highly, highly, highly advise staring out much smaller than 13 million and 100 units, and frankly unless you have 13 million in cash no bank is going to lend someone with no experience 13 million dollars, I’d start with multi family in one of three places, a class Baltimore, canton, fells, Fed hill etc, Frederick or the eastern shore of Md all of those markets are somewhat affordable have good tenant mixes and a relatively safe, see how it goes, if you like it, than buy another 2-4 unit, than another maybe once you have 8-10 units if you still like it, still are making money than go for something bigger.

Will likely buy in the Wheelersburg, OH area as it is nearby... and almost always appreciates.

If you are buying cashflowing properties, your DTI should improve with every property.

I personally wouldn’t buy a property where the unit mix is only 1/1

Hey everyone,Context:I am looking to buy my first investment property.

Since I am 19 I don't have tons of money to just go and buy a property to invest into.

I've flipped a bunch of mobile homes in parks, but recently started analyzing some numbers in regards to buying land and moving a home onto a lot.