Updated almost 2 years ago on . Most recent reply
Ready to purchase first invest property but struggling...
So I am ready to purchase my first investment property. I would preferably like to stay close to my area (Abilene, Texas) so I can manage it myself. I am looking at single family or duplex for long term rental. Ideally would like to get my feet wet for under $150,000. So far I have looked at several properties but can't seem to find the one that seems like it would cash flow and appreciate. Does anyone have any suggestions on buying their first property that can help get me going?
Most Popular Reply
You will most likely have to change your buying box.
If there's not enough cashflow you need to up the total units being purchased if you can afford it.
That, or you will have to look for a distressed asset ideally off-market (could be on market though) that you can value add or rehab in order to get within your budget while still having enough equity to make the asset cashflow.