- Joined
- Oct 10, 2007
- Messages
- 4,733
I`d go with single family townhouse for cheap. Ideal would be newer but in need of tlc and discounted more than work needed. Touch up, rent.
If picking up around $150K or less you should be able to make a go of it, have sufficient reserves if things go poorly for awhile.
When everything is setup have some additional built-in equity and still have funds to go buy property #2.
QUOTE (andrewi @ Mar 15 2010, 07:59 PM) I can come up with $60k max with refinance on my residence. That equates to 20% on $300k of property. I can do 1 property or 2 depending on which option gets me the better deal.
Andrew
If picking up around $150K or less you should be able to make a go of it, have sufficient reserves if things go poorly for awhile.
When everything is setup have some additional built-in equity and still have funds to go buy property #2.
QUOTE (andrewi @ Mar 15 2010, 07:59 PM) I can come up with $60k max with refinance on my residence. That equates to 20% on $300k of property. I can do 1 property or 2 depending on which option gets me the better deal.
Andrew