Buying first property!
I am looking into buying a personal residence but also looking into buying an investment rental property within a year from now as well.
For my personal residence, I was looking into doing buying a foreclosure with a 203(k) loan, doing some value add, living in it for a year and then maybe finding another residence, and then renting that property out.
But I would like to buy a rental duplex or triplex as well within the year, is there any suggestions to do both of these deals within the year? How would you all going about doing this if it were you? I am just trying to get a rough game plan together.
So after those two deals, I would have my personal residence, and then 3 doors of rental properties in my portfolio. Just need some light shed on the best way to get started.