Rural RE investment in USA or Work in Trades in England?

>>1858433
>able to have american citizenship
>not able to work in america

man what

>>1858451
I have a DUI, so I can't work in trade jobs or get near heavy equipment for the next 4 years.

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>>1858433
>invest about $250,000 USD
>The homes cost 115k-170k
>buy 8 houses

Is there something Im missing?

>>1858469
average price might be 140,000, so 28,000 dowpayment per house.

about 280,000 to own 8 homes, with some buffer money for repairs.

>>1858477
Is this kind of leverage common in the States? Also you do realize just slight increase in interest would impact you significantly? Not even mentioning the possibility of housing crash.

>>1858459
There are plenty of other jobs you can do. I know 4 different guys in my office who have gotten DUIs.

>>1858514
its fixed...
So it would have 0 % impact, if anything I would benefit from rents probably going up.

>>1858535
Yeah, well I don't have the knowledge or drive to work in an office.

I've worked help desk/IT jobs and loathe them, I like working with tools and collecting money.

>>1858477
>So, I have decided too invest about $250,000 USD
>about 280,000 to own 8 homes, with some buffer money for repairs.

The numbers still don't end up buddy.

>>1858587
why?

>>1858587
not 250,000 but I could spend 280,000 or only buy 8 homes.

if you have experience with owning managing and renting properties go with that much more steady stream of income implying you dont fuck it up some how, also the fact that you cant get near heavy equipment I feel like you shouldnt get into a heavy equipment business lol.. also dont know your experience in running something like that. Personally I think real estate is the only way to guarantee long term success just finding 8 different mortgages may be a little challenging but that all depends on you