JUDAH
OG
from what you just said...you gonna get a lot for $10k, build a small house for $25k and try to get another later?
thats $35k plus interest.
wait and save up $20k
or just take your time and search the hood for a house that needs work...its plenty of cribs in the hood that need work thats like $20k, clean and clear.......make it into a duplex with a bit of time. and rent out part of it while living in the other part of it.
that way you get rent money, you got your own money that your stacking....find another house that needs work.....move in and rent out the second part of the first house while fixing up the second house....
now you have 2 units generating income...you living somewhere else....
rinse and repeat.
dont overlook the hood as being a starting point to financial freedom
This is good advice. But one potential obsticle is occupancy.
Depending on where The property is, it can be real hard getting reliable tenants.
I've seen it happen all too often.
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