Hi all!
Before I begin to explain what I am looking for some tips on, I will explain my situation so you can get a better grasp of what we're dealing with here.
I own a website design agency where work usually looks like me sitting on my couch in my PJs. Location isn't that big of a deal for me.
I have some pretty significant investments in stocks, precious metals, and, my tools of the trade, websites. However, I would like to move into real estate.
This is a great time for me to do so, since I have never bought a home before. I'm currently renting a little place in the country.
I would like to utilize an FHA loan and buy a quadriplex where I live in one unit, then rent out the other three. Eventually, I would like to move out of my unit, rent it out, and rinse and repeat the process with another quad.
I have never done anything in the RE market before, have no one in my family who knows jack about it (they don't know jack about fastlane either. Pretty sure my immediate family thinks I'm a drug dealer, bank robber, or other name-your-delinquent-here), and I'm not connected with anyone who I would trust to advise me in this area.
I would love to get any and all advice. If you think it, type it down for me. How to deal with bad tenants, your arguments for/against buying, etc. I want it all.
Understand that this is strictly an info gathering stage. I have not even considered any properties. As such, I would like absolutely any relevant information.
I would appreciate RE related responses from only people who actually know about being a landlord.
Thanks in advance and looking forward to hearing from you Have a great day
Before I begin to explain what I am looking for some tips on, I will explain my situation so you can get a better grasp of what we're dealing with here.
I own a website design agency where work usually looks like me sitting on my couch in my PJs. Location isn't that big of a deal for me.
I have some pretty significant investments in stocks, precious metals, and, my tools of the trade, websites. However, I would like to move into real estate.
This is a great time for me to do so, since I have never bought a home before. I'm currently renting a little place in the country.
I would like to utilize an FHA loan and buy a quadriplex where I live in one unit, then rent out the other three. Eventually, I would like to move out of my unit, rent it out, and rinse and repeat the process with another quad.
I have never done anything in the RE market before, have no one in my family who knows jack about it (they don't know jack about fastlane either. Pretty sure my immediate family thinks I'm a drug dealer, bank robber, or other name-your-delinquent-here), and I'm not connected with anyone who I would trust to advise me in this area.
I would love to get any and all advice. If you think it, type it down for me. How to deal with bad tenants, your arguments for/against buying, etc. I want it all.
Understand that this is strictly an info gathering stage. I have not even considered any properties. As such, I would like absolutely any relevant information.
I would appreciate RE related responses from only people who actually know about being a landlord.
Thanks in advance and looking forward to hearing from you Have a great day
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