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Updated over 5 years ago on . Most recent reply

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Bennie Hall
  • Rental Property Investor
0
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15
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I have 50k to invest looking for common mistakes you ya e made

Bennie Hall
  • Rental Property Investor
Posted

So I’ve been reading/researching/and looking at investing 50k into rental properties. So far tho I’ve looked at 4 houses all around the price range of 25-45k and major issues are always keeping me from pulling the trigger (failed foundation, sketchy seller who didn’t inform me about plumbing issue but knew bout it, houses in 10 times worse state then mentioned). I am in the military stationed in NJ but looking to invest in the Midwest. Any pointers would be great.

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76
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22
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Jason Boritz
  • Developer
  • Los Angeles, CA
22
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76
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Jason Boritz
  • Developer
  • Los Angeles, CA
Replied

@Bennie Hall why don’t you invest in multiple properties and just cover the required down payments and get loans and rent them out instead of just buying one?

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