Have cash looking to build portfolio
I'm new to out of state investing of doors. Looking for guidance of neighborhood with good tenant reputation, good cash flow, and strong markets. What areas are in demand and what areas are up and coming. Looking to buy 2-3 properties under $150k each of possible. What's the realistic price points?
Most Popular Reply
#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
- 5,495
- Votes |
- 6,166
- Posts
#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
Hi Matthew - are you able to make a whole bunch of trips to Mobile and build a network? If you can't, I think trying to invest purely remotely is spectacularly high risk. That's what these folks found out.
Turnkey Nightmare: Property Manager Ignored My Warning About a Missing A/C…
Nightmare with my property manager - advice needed!
Feedback Needed: $8.8k Turnover Quote for 2BR Duplex (Half)
Out-of-State Landlord Nightmare: 4 Months No Rent, Cleveland Escrow Battle
Failed BRR in Memphis TN
A Cautionary Tale About a Property Manager in Cinncinatti
Also, please note that there is no cash flow on LTRs right now in the short term. None.