All Forum Posts by: Carey Love Millard

Is it wise to take a business loan to buy a property? We need 35k and currently we only have 15k. So i am planning to take 20k to buy the duplex at 168k with current renter. Rent is 995 each unit and owner is paying everything except for electricity because tenants are paying for it. Building built year 1960s. 2br 1bath each unit. Please help any insights will be much appreciated. Thanks

@Salvatore Lentini what to consider in buying your first home owner occupant and what are the numbers that needs to look at and making sure it’s profitable. Also, how to add more properties with the same income and already bought your first home. Thanks

@Tim Herman thank you.

@Joseph Firmin thank you.

@Tim Herman where I will learn all these things? Do you suggest me going to short courses or what? Thank you.

@Joseph Firmin thank you. What do you suggest reading? Yes, you are right I don’t know where to start. I have that idea but I dont know how to put it into reality.

Hello All,

I am new here and want to venture in buying a 4plex hoping with tenants already. As a newbie please give me some tips and advice on what should I do. I am planning to buy in Twin City Minnesota. Any advice will be greatly appreciated. This will be my first business too if ever. Thanks.