Preparing to do my first deal
I've been paying off bad debt from a failed business for 4 years and think I'll be clear in the next 6 months.
I'm ready to start investing in real estate, I've been reading as many books on the subject as I have time for, and working to line up my equity in my home to get started on top of a self directed 401k I can take loans from. I a few questions at this point. I'm interested in multi family investing.
Should I wait until I have cash outside my home equity/401k available?
Should I start with a SFH for experience?
I found a Mobile home park that on paper has solid cash flow, how different is the process of financing on mobile home parks? Should I be more experienced before going this route?
It's a bit generic as far a questions go but I'm trying to get lined up now and ready when the old mouse trap of a business debt is out of my life.