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First I want to say that I do not have started saving money, I live in an area where it is very hard to get a job. I am taking a study at home bookkeeping course which I am hoping to help me get a job even if it is an hour away. I have considered becoming a postal worker as they seem to make a lot of money. I am interested in long term renting out properties. I will do whatever it takes to get started, right now I am concentrating on getting out of debt then I want to move out of this small, nothing to do town. At the moment I have bad credit. Thank you in advance for your help.

How much should I save until I can buy my first property?

How much should I keep in the bank at all times?

What should I be concentrating on purchasing for my first property?

How should I purchase my second, third, fourth etc. properties. how much do I save, do I use equity? How much time do I wait between purchases?

What kind of place should I live in after I move to another state(should I rent, look for a house to begin with, or a duplex etc.)

What kind of job should I have to prepare me for this?

I have no problem in going to school and getting a degree, just not sure what to go for. Currently the only degrees that are here is liberal arts, accounting, and business administration. I am hoping to move to a better place where there will be more opportunities.

Thanks for the reply. A few years ago we were thinking about buying one for us and we were told that the value goes up. Should I look into buying a lil apartment building with having us living in one of the apartments to start off. We used to live in a house with 3 apartments for example.

Hi everyone. I have talked to my husband about real estate investing and the renting out, as I want that as my career while he works a normal job.

I would just like your opinion and any advice you can give

I am planning on moving out of new england and going to either Virginia or North Carolina. I want to first buy a modular and live in there while saving for our first rental property. After saving enough money to build our home we would then rent the modular.

Thank you for your time

One more qustion I have is what is the best way you have found to receive rent payment: Go and pick it up, have them bring it to you, or have them mail it in?

Thanks Again
Merrie

Thank you so much for your reply it has been very helpful :D

I am hoping to receive some advice here, thank you in advance. I am interested in real estate investing and renting out properties, I have a lot of questions, here are a few:

would a certain degree be helpful?
would you recommend a seperate phone line for a home office?
Any home office advice/tips?
is there a certain job I should go after to begin with?
Would you recommend getting a P.O. Box?
Would you recommend business cards?

I would like this to be a source of income for me, any advice and or tips are again greatly appreciated.

Thank You
Merrie