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All Forum Posts by: Jeb Brilliant

Jeb Brilliant has started 94 posts and replied 584 times.

Post: Analyzing my first property and I have a strategy question

Jeb BrilliantPosted
  • Rental Property Investor
  • Long Beach, CA
  • Posts 623
  • Votes 155

So the first property I'm considering is in a neighborhood that makes approximately $30k/yr income per household and I'm planning on paying $50,500 for it then I'm guessing I'll spend $10k to fix it up with new paint, carpet and maybe new bathroom sinks/cabinets.  I don't particularly want to be in this neighborhood but it's what I can afford right now. 

My question is... Is it ok to be the nicest house looks wise in a lower income neighborhood? One sign to me is that there are no bars on the windows of my potential house or most of the houses around it. 

What do you all think? Thanks for any input. 

I'm excited, my agent just looked at a property for me and she liked it. 

Hi Larry, 

Thanks for reaching out. I chose Dallas and the surrounding cities because my uncle (who owns 3 rental properties) suggested it and I read it is a growing area. Once I started looking there it just cascaded and today I have an agent looking at properties for me. I'll fly out there to check out whatever I plan to buy. 

Hi all, 

I really like the forum, podcast and blog. I've been trying to learn as much as I can all over the web but this place seems to be the best and biggest. 

I'm looking to buy my first home as a rental property and after getting some advice I am looking in Texas, specifically between Dallas and Arlington. I'm not sure I'm in the right place or state but I can't afford to buy around Los Angeles, Ca where I live. 

Looking forward to learning more on here.