BiggerPockets

I have about 3k saved right now and planning on building it up to 10k. I live in southern california and the market out here is far out of my price range. Im looking at some place probably midwest where i can put my capital to better use. Im looking at rentals not buying and flipping. If the opportunity to flip comes up i will, but that is not my main focus. Any ideas on what state/area i should look into??

i have done several deals under 10k in San Antonio's west side. I am currently in the process of selling one for 15k (pending) and another for 25k(option). Its been a couple of years since I have done some 10k deals but im sure they are out there. Theres always junk, but you can find some small ones with good bones.

Taylor, you should take a serious look in the southeast. With some research, you should be able to find a good deal on a troubled property for less than $10k. You might be able to find a tax sale or a foreclosure, and in the southern states like Alabama, Louisana, Georgia, North or South Carolina, the tax liability is not as great as California, Texas, or New York. My advice is look for rural areas in the southeast. And since you'd be an out of town owner, you should definitely look into land contracts where the occupant handles all the maintenance and repair and has an option to buy at the end of the agreement.

JonB

Indianapolis, IN, and the Midwest in general, is another great market I would look into. We have worked with several people out in California. I'd be happy to help you find some good deals here.

We use Secure Property Group. They are an experienced property mgmt company in Indianapolis.