Below is my personal analysis of investment in real estate. I will be 28 shortly and I own two houses in "Greenville, SC" out right and have a mortgage on another home(that's my only debt). I have a fully funded roth and aggressivly invest, through mutual funds, 1500 more per month. All of the amounts below are per month. I'd like people to analyze my analysis and play devil's advocate or provide feed back in general. I'm currently in Germany now, and will be for a few years or so. I have a small network in Greenville, my momma, realtor, contractor, brothers, cousins, etc... I've started playing devil's advocate, but I can't talk myself out of this. I'm sure someone here can help.


I like the idea of investing in Greenville real estate because the market has very favorable terms (mortgage rates) and there is very little downside at this point (I don't think a 3/2 1600 sqft house for 15K-30K has a downside). Analysts predict that the market will go lower in the next year, leading to even better values. That is all the more reason to try to get loans against the houses I have now because the value may not substantiate the loans in the future.

The more houses I have the more money will come out of pocket every month -(100 HO Insurance +90taxes) +700 per house. I will finance homes I already own, meaning -900 for two mortgages. I hope to buy 3-6 more houses with the equity pulled. My personal loan is about to be paid off (in two months) giving me more money per month +472. The market will become a matter of patience, intelligence, and speed. The fastest will get the best deals, so i need to minimize my and mommas involvement in order to speed up the process. Maybe I should start a Serial LLC. If the financial strain proves too much, I can save less in the mutual funds.


If this is wrong though I can end up sitting on a bunch of houses not worth very much, but thats fine because i didn't pay very much. I would like a relative invovled that didn't work so much, to make sure I'm not getting shafted. Moms has to be there sometimes. I do not want a house payment after retirement. I would love to have rentable houses at 15K each, but that takes extreme speed. Only buying houses I can fix up for less than 15K total would result in examining fewer homes. It sucks that I missed just such a home.


Is there a must buy price on a 3/1.5 house in good enough condititon to rent for $700/mo? Is there a scrap price for a home?