Updated almost 9 years ago on . Most recent reply
Getting started in Mid-Michigan
I'm new to bigger pockets and am looking to start investing in buy and hold properties in the Lansing, MI area. I work a full time job in corporate finance and have about $20,000 I would like to invest in cash flowing properties.
I'm currently looking at investing in $50,000-$70,000 duplexes, which are somewhat common in this area, and bring in about $1,000 per month ($500/unit) in rents, however the landlord pays utilities. They cash flow about $100/month. Is this a good place to start investing? What type of property should a rather hands off investor start with?