Rental property goal

[James Crothers]

Goal to own 10 rental properties over the next 3 years networking with like minded people. 

[Jasper K Juhl]

Quote from @Eric Gerakos:

I would focus less on quantity and more on quality. Ten inexpensive properties in the Midwest will be in undesirable areas and may lose money…..

Hey Eric, thanks for jumping in with your thoughts! You make a solid point - quality over quantity can definitely be a winning strategy, especially if those Midwest properties are in areas that don’t have strong long-term potential. I’ve seen investors spread too thin by picking up multiple inexpensive properties in less desirable neighborhoods, only to be hit with constant maintenance issues and tenant turnover.

That said, there are still opportunities in the Midwest where you can find properties in stable, growing areas. Cities like Columbus, Indianapolis, and Kansas City come to mind. These are markets with strong job growth, low property taxes, and steady rental demand. If you can identify those “up-and-coming” neighborhoods, the return on investment can be quite solid without having to sacrifice quality.

PS: Fun fact—Kansas City was recently ranked as one of the top cities for real estate investment due to its strong job market and affordable housing prices (source: Forbes 2023). Might be worth checking out!

Best, Jasper Juhl