Updated almost 9 years ago on . Most recent reply
about my first deal HELP
I have been managing properties and researching real estate investing and on this forum for around a year now.
I am from England and me and my father are setting up an english LTD with a US subsidiary company which we will use to buy the properties.
I have around 10k to put towards down payment, my father will be adding around 90k so we will have 100k available for a down payment.
all things well we will do a 75% ltv giving us 400k to spend on a multifamily.
I am trying to consider whether we should first buy a 200k property to see how that goes and then go from there into another 200k property.
what are you guys opinions.
I really just want to maximize our leverage on the bigger properties as I can then work my job at the same time for two streams of income.
my long term goals are to keep buying cash flowing multifamily rentals as fast as the bank will loan to me.
Anyone else playing this kind of game?