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Updated almost 2 years ago on . Most recent reply

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Tony Nuttall
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Most Popular Reply

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351
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Josh Young
  • Rental Property Investor / REALTOR® / Property Manager
  • Gilbert, AZ
393
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351
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Josh Young
  • Rental Property Investor / REALTOR® / Property Manager
  • Gilbert, AZ
Replied
Quote from @Account Closed:
Quote from @Tony Nuttall:
Quote from @Josh Young:

@Tony Nuttall you could use as little as possible, like 3-5% down to buy a primary residence and turn your current home into a rental, then do the same thing next year and again the year after that, this will get you three rentals. Or you can go buy one investment property at 20-25% down and have one rental.

The second option for me would be the most feasible. I have 2 young kids that are in elementary school. I don’t really want to be packing and moving every year or so for their sake. Thanks for the response 
Look for a 2-4 unit multifamily that you can cashflow with. Ideally something livable, but you can add value to through cosmetic rehabs.

I agree that small multi family could be great too, just be careful not to overextend yourself with only $100k if you need to rehab, stabilize and have reserves.

  • Josh Young
  • [email protected]
  • 802-274-8121
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