All Forum Posts by: LaVonna Shannon

Yes, $400/month

So my Husband and I have been talking about getting started as investors, but we are not sure exactly how we should go about doing this. Currently, we are living with my parents in Fort Lauderdale, FL. We planned to just live here (maybe another 1-2 years) and save up as much money as we can. Do you think it is a good idea to get our first property (multifamily) and continue to save money while living at my parent's? Then we could continue to save until we get enough for the down payment for our second property. This would allow us to possibly cash flow more and save faster. Also we could manage the property w/o having to actually live next to the tenants. Any advice?

Are these 30k and under properties actual homes or apartment units? I can't find any single family homes in my area under 30k. I'm in Fort Lauderdale, FL.