Got Funds!! Now what???
Hey, guys i really love bigger pockets, i am a newbie and have been conditioning my mind on the 1st property i will buy and hold as a rental! i have a PML in mind in Massachusetts and we already spoke on the phone and he is willing to lend me up to 2.5 mil at 3% interest with no tie to the property. the only thing i pay is the insurance for the loan and thats around $1500-$2000. I have been looking at buying a small apartment as my 1st purchase, or a package of SFH. Im looking to scale quickly in this business to quit my job in 2018 and have my finances supplemented by then. Im looking for advise on how you experienced investor started out with your 1st property and how realistic can you scale this business in REI. I want to invest in Apartments, Duplexes and SFH, just cant choose what i should laser focus on 1st. Thanks guys for your responses.