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Updated over 5 years ago on . Most recent reply
Newbie starting small, how to build?
I am from a very small, and poor area. I have bought a foreclose for $19k. Probably worth at 30k. I’m a single mom on low income but save most of my money. I want to build for my future and my daughters. Any advice on how to keep going? Building? I make 2k per month and able to save around $1000 per month. I’m reading, researching and learning all that I can. I put down 5K for the house and got a bank loan for the rest. I want to keep buying and reach 10 houses in a few years!
Most Popular Reply
@Ashley McSpadden congrats on saving 50% of your income that’s impressive, especially with a kid. I would look at house hacking. You can get a duplex with 3.5% down live in one unit and rent out the other. Keep saving and I’m a years time move out and rent your unit.