Investing in the Midwest
Hello BP members. I came across a few properties in the Midwest which the properties were below 50K in price in good school districts and the houses were not that old. My question is: What is the downside(s) I should be worried about in investing in the Midwest or far from where I live?
Seems like there are many good cash flow deals on the market there.
Thank you!
Most Popular Reply
Even in the midwest a 50k house is likely to be in a very rough area. This isn't to say it'd be a bad investment, but likely management intensive. If you'd like to focus on this type of thing from a distance, I'd spent a LOT of time getting your team (prop manager, contractors/handyppl, real estate agent, etc, etc) together before even looking for a property, as this will absolutely mean your success or failure.