My parents and I are starting to buy up real estate houses at 25% down. Any downsides you all see? Plan to hold for a while. All have positive cash flow as of now

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Easy to have positive cash flows early on. Just be ready when shit breaks and the tax bill comes!

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25% often gives better rates.

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I would only put 20% down. No PMI but also you have more leverage and ability to buy more properties to increase your monthly income

Thanks pwc1, looking at that and also looking st next house being 15% down hoping for appreciation and reappraisal after year one so we’d only hit pmi once

I'm doing the exact same thing with my parents haha. Where are you buying @OP and what kind of properties?

Acn2 looking for SFR until we can afford some duplexes/fourplexes. We’re looking Midwest but don’t want to buy site unseen so that’s my next debate. Any recommendations? Also have you started buying yet? I want to know how it’s going

Yup we've started buying. SFR for now, but multi's is the goal. Bought some property in Detroit - going well so far. Looking there, Columbus, Dallas, Austin, some spots in Florida, and Atlanta for the next string of purchases. Mostly buying turnkey since we're not local. It's safe and fairly headache-free investing, but we don't buy anything under 10% ROI. Eventually I'll branch off and do my own thing in the local market, but this works for now

That’s so great. If you don’t mind me asking how are you finding them? My parents and I are on bigger pockets looking for ways and using our local RE contacts but unsure how to get more than 10% return. Do you do the 1% rule, rent should be 1% of the value? Lookin for any tips for the first house!

Acn2. Are you visiting these properties before buying ?

I may be wrong, but aren’t you required to pay PMI for ATLEAST 2 Years? Regardless of value?

Sorry for not answering. Yes I visit the properties before I buy them!

And the 1% rule is a good initial indicator, but not really a strong indicator of actual performance. It all boils down to CoC and IRR

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