All Forum Posts by: Susan Maneck

Start keeping your eye out now. Are you only looking for properties in the Gulfport area? 

Do you mean 3000 Square feet? Not any tiny homes in Mississippi. 

I recommend Dove Realty if it is not too big of an operation: 

(601) 238-3287

I've seen the bigger property managers leave properties empty for months and in Jackson that is disastorous. The owner's husband is a handiman so you don't get nickled and dimed for her contacting repairmen. 

Well, keep in mind that Jackson has most of the hospitals in the state, a trend which is likely to continue thanks to the fact that the refusal to extend Medicare has led to the closure of many of the rural hospitals. So STRs serving the medical community do have potential, but admittedly Jackson isn't where you would ordinarily go on vacation. And unlike the rest of Jackson houses in the Fondren and Bellhaven areas aren't that cheap. 

 No, I think the only places were short term rentals would likely work in Jackson would be close to the hospitals, in the Bellhaven and Fondren districts. I don't own properties there. You would likely be renting to traveling nurses and other health care providers. 

 I invest in Jackson, MS. The return on investment via rent can't be beat but an exit strategy can be difficult. 

Wholesaling can get you into a heap of legal trouble if you aren't careful 

$4000 isn't even a decent emergency fund or closing costs, but when you are able to save enough I would suggest the place to start is house hacking. That means you buy a property owner-occupied in your case, FHA is probably the way to go since you only need 3% down. You can use an FHA loan for a property with 1-4 units. If multi-units, live in one rent the rest out. If its just one unit, then rent out rooms.

Mississippi has its faults but for real estate investing it really can't be beat at least not in terms of rents vs. property values. Besides, if you are making 460K a year you can make things to do!