Starting a Portfolio
Hi, I am an engineer working on a ship and am planning on buying a rental property when I get off. The money is great and I am currently living with my parents. I will have about 60k cash available to work with. Is there a specific type of house I should be looking for and is PA a good place to get into the rental business?
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I'd consider buying SFH or townhouse as owner occupied for 1st deal to take advantage of likely favorable financing. Although guaranteed you will hear from the Ohio folks I personally think in most instances the home court advantage is an advantage except maybe in VHCOLA like CA.