I'm early in my career, managed to save $30K to invest, and want to get my hands dirty with a rental property without too much risk (e.g. no HML/flipping). It sounds like that's a tall order in the NY/CT area given the prices, not to mention whether I'd be able to get a mortgage on anything below $100K, but I figure I'll give it a shot anyway. Any advice on what you might do in my position? Am I being crazy with this idea?

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Look at crowdfunding platforms: RealtyMogul, Fundrise, CrowdStreet

You can invest in real estate deals / funds, get exposure to real estate without needing to find and manage the deal / property yourself

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Curious, do you have personal experience using these platforms) or know folks who have used these)? I’d love to get started but am a bit hesitant on believing the returns these platforms advertise and also don’t know anyone personally who’ve said they’ve made X etc…

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Check out bigger pockets podcast. Totally changed our investment strategy. Low cost = low appreciation

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SA1 - where did you invest finally and what was the reason you opted out of Cleveland?

You might want to look in the deep burbs of NJ, CT or upstate NY for getting a decent size MF with the 30k investment that would be worth your time and the headache

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Ah, thank you!

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