Updated over 2 years ago on . Most recent reply
Looking to make my first investment - would most likely need to be out of state
Any advice as to where in the US to make the most out of an investment property purchase for under $180k? Or is this an unrealistic amount? And it would be best to find a "team" to include for helping find tenants and management.
Most Popular Reply
Might be a bit unrealistic, but I'd focus on the midwest for that price point. Ohio/Indiana could be a good option for you, but you'll need to find small towns with a diverse workforce that does not rely on only one industry. Since it would be out of state, I'd recommend working with a quality property manager who can quickly handle issues on your behalf. Wouldn't be a bad idea if you continued to grow your wealth in the meantime, and deploy more capital once rates fall....in a few years.