{ "media_type": "text", "post_content": "Folks that invest real estate. How did you start? Would like to invest in a rental (~100-150k avail). How did you find a location? What are some good primers or resources. Thanks! ", "post_id": "598c9c7386aec9001040f736", "reply_count": 7, "vote_count": 5, "bowl_id": "552d1d24dc1c586b09d2d051", "bowl_name": "Consulting", "feed_type": "crowd" }
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Folks that invest real estate. How did you start? Would like to invest in a rental (~100-150k avail). How did you find a location? What are some good primers or resources. Thanks!

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You'd be better off buying 2-3 with $30-40k down each.

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Visit in person if it's possible / near you and have a contractor walk you through the property if they are able so you can get an understanding of all the work that needs to be completed to bring the property up to code.

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Following. But M1, I think throwing 100k down might be too much. The whole point of investing in a rental is using leverage. Unless you are trying to buy 500k homes... I'd reconsider.

Echo with P1 is saying and also suggest college towns. Students' parents or loans pay the rent. Hire a property manager for 10% of gross rent if you don't want to manage it.

You can invest in distressed properties in up and coming areas with low taxes. But you'll need a good contractor to work with to fix up the place usually short sale/foreclosures would be your best bet buy cheap and then allocate ($40-50K in renovation). Also would have to hire a property manager once you get tenants.

A lot of people start in cheaper areas. In many cases you can buy a decent apartment. For less than a $100k and get the income flowing.

Thank you folks. Yes the lower the better of course. However do you all usually visit the areas and properties first or can that be done remotely?

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