All Forum Posts by: George Batton

I'm having trouble finding one online because all the ones listed seem to be bad deals or in bad areas. I'm trying to find out how to find a good deal and what aspects of the location to keep in mind. Should I try to find a brick building or is wood okay? I have around 65k in an account. What's the most I should pay or lease one for and what is the least amount I should lease one for before I'm just getting junk. What things about the areas I'm looking for do I need to watch out for? What kind of places are more likely to have duplexes for sale as opposed to single-family units?

In a separate account I have about 65k. This money was saved up over the years and from deployments to Iraq. I'm new to real estate investing but have considered the option. I don't want to try to finance a home that costs any more than the amount in my account. I'd prefer to find something well below the amount actually and live in it for awhile with my friend to cut costs of payments each month. Let's just say that I don't believe it's smart to borrow money that you don't have a back-up for. I believe this is a good ideato start out with small-risk projects since I know very little about investing. My question is, can I find something for below that price that isn't junk and that I can make a small if not moderate profit from? I realize that alot of people here will think this is weird but I think it would be smart for me to slowly and steadily build wealth rather than going for getting rich super quick. If so, what do I need to watch out for?

I just read somewhere that there are alot of homes that have been built in the past 30 years with preservative-treated wood, and that in some cases it's more reliable than stone foundations.

http://www.toolbase.org/Technology-Inventory/Foundations/wood-foundations

I'm in louisville KY.

Also on the subject of being new to real estate, what do you all think is better; buying a single house to flip or buying a house to rent out to a tenant? I still live in an apartment right now and pay 470 per month plus utilities. Granted I have two roommates that pay half of the rent. I'm just wondering which is better to start out with. I want to get out of having to liive in a place where I'm throwing my money away on rent, but I'm thinking that I could also make alot of money with a rental property.

Hi, I'm new to this site but I've recently gotten into studying real estate investing. There's a house I'm looking at that looks like a really good deal but I've looked around the bottom of it and all I see is wood going into the ground. Is there such a thing as a wooded foundation that complies with building code? If not, is there a possibility that there is concrete behind the wood? The house is about 23 years old and has a nice finished basement and it's in a good area, but I haven't seen any sign of water damage in the basement. I was told that the house was built as passive solar meaning that there are rocks under the house that the sun heats up and heats the house. I'm not sure if that might be why the foundation that you can see is wooden.