Hi everyone, I’m 22 and looking to get started in US real estate. I have about $250k in cash ready to go. I'm not from the US (I’m Canadian), so I can basically pick any city to start in.
My goal isn't necessarily to live off the rent right now. I just want to buy a house that needs work, fix it up, and then get a mortgage to get my cash back so I can go buy the next one. I want to do this for the next 40 years.
- What city or state would you pick right now? (Looking for a mix of "cheap enough" to buy but "strong enough" to grow).
- Is it better to buy one nice house or two cheap "war zone" houses?
- What is the biggest mistake people make when trying to do this from another country?
- Are there any specific lenders or "types" of loans I should be looking for?
I'm a total beginner at this and just starting my research. Where should I go?
u/Puzzled-Sweet164 — 14 days ago