i’m a newbie getting started. i recently got approved for a loan (FHA). the bank (wells fargo) gave me a list of houses to look at. so of the house are foreclosures and some are just for sale. I guess my question is, should i focus on the forclosures or buy a house for sale and rent it? is there anything specific that i should look for? :roll: [list][/list:u]
I would start with a duplex or even a 4 plex. Find a deal where 50% occupancy will still make the payment. Houses are nice but if it is vacant you will have 0 income. The rental market sucks goght now and who knows when it will get better.
Happy Hollidays and Thank you,
Ted P. Stokely Jr
11505 Sw Oaks
Austin, Texas 78737