@Veronica Hennessey $100k can go a long way depending on the market and asset type. I've played with similar money and nothing on the MLS, I repeat NOTHING on the MLS makes any sense to me as an investor and future buyer. It's not rocket science to assume I'll be searching off market or working with local agents following my own criteria.
You would be hard pressed to find a decent duplex for $100k in Indy. Maybe a C class multi-family but it would need some repairs and remodeling. SFH you could pick one up but it would be older and possibly distressed (value add), but cash-flowpositive. I don't look at C- class or below so I wouldn't recommend that in any market. Too much risk with management and poor property upkeep.
There are properties listed for $100k in great condition but only rent for $750. Dig deeper and you'll agree with my statements. Everyone has a different strategy but parking cash in a property for little to no return is not my game.
Great thoughts! We know of some properties that are less than 100k and rent for 1k a month but they aren't anywhere near major cities. I was thinking I should look at more metro areas with people moving out now but will move back to, especially as the west coast keeps pricing families out.