You have 50k to invest. Where do you buy?

[Alex Applebee]

If you have 50k to buy rental property with, where and what would you purchase?

[Philip Williams]

Ok I usually don't comment more than once but I really feel I have to....@Arlan Potter @David Boykin why should she invest close to home? I know some of the arguments may be well she's more familiar with the market. Well unless she is a real estate agent that has already dealt extensively within her own market she really has no better idea of what her market is than one far away. Second argument well she can keep an eye on her property? Granted this one has some validity but that's nothing a property manager can't do. Third argument well she can save the money on using property management. This is true but as a first time investor as it sounds who is to even say that she would be a better property manager than one she could hire? @Alex Applebee No offense intended of course just trying to debunk the invest close to home theory. I think she or anyone should invest where they can find a deal that is worthwhile, it it happens to be close to home well even better. We are all though in this game to make money and not every area offer adequate price to rent ratios. If by chance she lived in LA where it has been completely documented the prices don't justify the rents, she would lose money every month. She would however possibly recover in the appreciation game which is purely speculative and nothing a beginner should go into lightly if at all.