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Originally Posted by xclusive
I plan on having 5 homes by the end of the year I have 1 in Kentucky right now but I'll be getting a package deal on a few run down homes that i already have a crew ready to bring them up to code. Should be fun
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poor (white) working people are very reliable tenants, they don't tear up the property if they don't have kids, and single family homes are very good investments where you can buy for 80-100 X monthly rent.
you can't do that in the west, but you can do it in places like KY, with high leverage.
you're on the right track for big net worth in 10 years as you refinance, or use buy on contract, sell on contract wraparounds, double escrows, etc.
once you get into it get your broker's license and join the mls and make offers on everything based on low d.p. can cash flow.