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Updated 29 days ago on . Most recent reply

User Stats

16
Posts
3
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Del Brady
  • New to Real Estate
  • Utah
3
Votes |
16
Posts

How to buy one LTR every year

Del Brady
  • New to Real Estate
  • Utah
Posted

Hello! I follow several REI coaches/experts and many of them say they bought at least one LTR every year. I'm looking to buy my first and I just don't see how that's possible without a massive amount of cash. It will likely take all of the $20k I have saved for a down payment on my first LTR, which took me several years to save. I'm looking to build a portfolio in the San Antonio, TX market. I know financial details can vary, but can someone give me advice, strategy, or hope for how I could position myself to buy 1 LTR per year?

Most Popular Reply

User Stats

87
Posts
32
Votes
Ezekiel Trevino
  • Realtor
  • McAllen, TX
32
Votes |
87
Posts
Ezekiel Trevino
  • Realtor
  • McAllen, TX
Replied

What you could do is take that 20K and put it as down payment for an LTR. However, you could also house hack if you plan to live in one of the units. If you live in one of the units, your down payment would be 3.5% instead of 20%. You could also do BRRR.

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