The toughest part is making sure you cashflow. Taxes, insurance, and vacancies can be a killer. Make sure to look up property taxes for that specific property and get the # right before you buy.
are you doing it yourself or turn key? There are some markets where you can do very well using turn key. Doing it all yourself takes a ton of time. Especially if you are busy working a full time job. finding motivated sellers, making calls to get numbers, if all is good you look at property, if that is good you make offer. it is a numbers game if you are trying to buy wholesale. you might make 50 offers before one is accepted.
you using strictly conventional loans, or some private/hard $$$??
This post was edited on 10/18 at 10:26 am