Newly into investment property in Columbia, SC
My wife and I are looking for our first piece of rental property and looks like we're going to start wit a long term lease. Anyone from this area with experience in this realm? Thanks! Happy 4th!
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Congrats on getting started! A long-term rental is a great first investment because it lets you learn the business without overcomplicating things. Columbia can be a solid market, but I'd also compare deals in other Midwest markets, where lower entry prices and stronger cash flow can make it easier to get your first rental performing well. No matter where you buy, focus on finding a property that cash flows from day one and build a reliable local team to help you manage it.