I’m looking to buy a home in TX or any state for some extra cash.
A buddy of mine has bought an apartment complex in Texas and rents out each unit at 1150-1300 per unit (4 units). I am looking into buying a home in Texas for renting purposes, I have some extra cash invested already since I’ve been working since 17 and my father passed last year. I don’t want his money burning up. I also am looking to buy a home here in California with the backing of my mom and sister. I’m just not sure if pulling out a loan or financing a duplex in Texas, renting it to get some extra cash is a good idea. I am able to get a lower mortgage in Texas with a co sign from my mom since she’s a veteran. If anybody has knowledge about this or has info on where to send me to see if this is a good idea please do 😊. I want to finance a home in TX lower mortgage as much as possible, get extra cash, then buy a home here in California so I’m not burning cash every year and it’s actually going towards a home