Updated almost 4 years ago on . Most recent reply
New Investors w/100k
Overwhelmed!
My husband and I are from Salt Lake and the prices here are crazy. We are looking to invest in a single or multi-family home, ideally 2-3 to start. However we only have 100k to start with. We have a HELOC that if maxed out is 300 a month, so that plays into our numbers.
We have looked everywhere and are interested in Witchita, KS, Tulsa, OK and Witchita Falls, TX and we are looking to do traditional financing.
We even considered new construction to buy and hold because trying to beat out cash buyers seems a bit discouraging.
I think we have analysis paralysis! If you were in our shoes where would you start?