Updated over 4 years ago on . Most recent reply
I need Investment Strategy advice please๐๐ผ๐๐ผ๐๐ผ
Hello everyone who is reading this and thank you in advance for any advice you can give me. Ok so here it goes, letโs say that I will soon be able to invest about $40,000/year in Realestate. Iโm interested in acquiring rental properties and I was wondering if I should buy a property, in the $250,000 range, and use the $40,000/year to eventually pay the property off then repeat or should I save those 40k every year as a down payment to get a hard money loan once a year and try to buy a new property every year or so?
-Chris
Most Popular Reply
Yea that does makes a lot of sense. I own a business so my risk tolerance is pretty high but Iโm going back to work as an aviation mechanic and hope to be making about $55k/year. I helped my dad invest in a duplex about two years ago and itโs rented to two great section 8 tenants so I kinda want to follow down that path and also have some passive income eventually.