Updated almost 10 years ago on . Most recent reply
Advice for a newb
Hello everyone,
What a fantastic community for learning. Thank you to any and all who take the time to help a new investor gain understanding. I've been looking at some property here in Columbia, Mo ($85k to $110k) to buy and hold. I currently have 10% ready but I will have to come up with another 10% if I want to move on them now. I can wait to raise the capital through my current job within 3-4 months if needed. I've also been looking in St. Louis at distressed properties ($10k and below) that I could pay cash for and fix up. My thoughts would be to fix up and section 8, or flip. I guess my limit on rehab investment would be $10k. Knowing that it could potentially be more. What should I be asking myself before making any decisions? Help me identify what it is I don't know.
Thank you!
Brandon