Updated about 8 years ago on . Most recent reply
I want to get in rentals
My wife and I recently purchased a hud home for 80k in San Antonio. We intend on living in the property and paying it off in a year and half. We want to live there for at least a year before trying to find another property of equivalent value around the 80-120k price range and rent one or the other out. I think we can continue this blueprint and obtain 4-5 properties over the next 4-6 years. Accelerating each payoff period with the increased funds. Does anyone have any experience with something like this or is it a a foolish plan? The homes in the 80k area aren’t exactly desirable but they rent for 1100-1300 on the same street. Thanks in advance.