I am currently using the only strategy that is available to me, and that is to take out commercial real estate loans and personal loans to fund the down payments.
I am having a hard time finding properties that will rent out for more than the combined loan payments. The only thing that even comes close is to buy cheap houses with a lot of bedrooms. For example, I found a $40,000 house with 7 bedrooms that barely breaks even. I don't have time to save up a down payment. That would take years.
How did you make your first profitable real estate investment. The only real estate investments I am interested in are: houses, RV parks, mobile home parks, apartment complexes, and hotels. But for now, I think only the first three would be within my reach.
I am having a hard time finding properties that will rent out for more than the combined loan payments. The only thing that even comes close is to buy cheap houses with a lot of bedrooms. For example, I found a $40,000 house with 7 bedrooms that barely breaks even. I don't have time to save up a down payment. That would take years.
How did you make your first profitable real estate investment. The only real estate investments I am interested in are: houses, RV parks, mobile home parks, apartment complexes, and hotels. But for now, I think only the first three would be within my reach.
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