Introduction and questions in Houston.

[Account Closed]

Hi BP,

My name is Veronica and I wanted to introduce myself to the BP community and perhaps receive some opinions and get insight if what I'm looking for is feasible.

Unlike the majority of investors on this site I'm not really looking to eventually be financially independent through real estate and have a big portfolio of homes that may or may not be a hassle to manage.

What I'm looking for is a SF home in a decent neighborhood that can supplement my income by approximately $1000 a month without too much hassle. Thats $1000 per month after taxes,insurance etc.

The numbers have to work!

It is my thinking that I can purchase such property for 100k (Cash of course) and perhaps place another 10k for rehab. My 100k in the bank gives me a laughable return.

Several investors have told me that its a bad idea to do this when it would be more profitable to purchase 4 or 5 properties with 20% down, in fact I'm going to a lifestyles unlimited seminar this weekend that I believe promotes this model. Perhaps I will understand better?

Regardless, any advice or the insight would be most appreciated.Is there something I'm perhaps overlooking?

[Paul Timmins]

@Account Closed

1 House vacancy= money out of your pocket.

Many houses could absorb a vacancy better.

Paul