Updated about 4 years ago on . Most recent reply
Starting Strategy Idea
I have had to move around a lot in my early life and I am turning 40 next year and will be settling down in 1 location. I have saved up about $250,000 useable cash for investing without loans or anything. I saved that much because since I graduated college I have made a house payment in an investment account. I have no properties. So this is what I was thinking:
Buy a "turn-key" or move in, or almost ready to move in multi-family home with FHA financings if possible, if not that would be okay and move in there for a year since I will need a place to move and I want to be picky about the house I will be moving into...okay my wife does.
During that year look for my permanent house that would "BRRRR" and do all of the process except the rent part and move there after the year. This would give me time to research, learn, and pick how we want the house with all its aesthetics.
Then refinance that and BRRRR after that with money gotten back from my own home.
Any ideas or suggestions?