Welcome from Memphis-Walls Mississippi
Hi everyone, excited to join this platform and community. I am a new real estate investor. I bought my first home right before the pandemic in Walls, MS at a "cheap price" and "cheap rate" through a first time homebuyers program. 4 years later, I moved into a new home and plan to rent out my first. I have heard mixed reviews on being a landlord etc., but I am super excited about this experience and making it my own. I plan to continue this same process. Live in this home a couple of years and obtain a new one and rent. Rinse repeat. I would love to venture into multi units and commercial. But, with me being a newbie I don't want to move too fast.
-Cheers to success
Most Popular Reply
Welcome Kelsey!
I'm a real estate investor in Jackson. If you can stand the moves and have limited resources it is a good idea to do the things you are doing the way you are doing it. I started buying up properties in my own neighborhood during the Recession and it worked out well. I currently own eight doors, having sold four of them during the pandemic, when my mother's age forced me to move back to California. If you are thinking of multis may I suggest you start out with a 2-4 unit. If you live in one unit it is eligible for conventional financing just like if it was a SFR. You can even get FHA financing.