Newbie Investors: Here’s the Truth You NEED to Know About $30k Properties


Which sounds better: three properties that bring in $700 a piece for $33,333 each or a property that costs $100,000 and brings in $1,350? Well, just judging from the numbers, it would be easy to say buy the three properties. Most new investors see the low cost of entry and the high price-to-rent ratio, and they assume this is a good property. But there is more to investing than just the numbers.

There is this whole subculture in real estate investing that invests in under $30k investment properties. Unfortunately, it most often is new investors who got sucked in by the numbers on paper. They haven’t owned the properties long enough to really appreciate what owning $30k properties actually entails.

Let’s analyze certain factors here.

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For Advanced Investors Only

If you haven’t owned an investment property before, your first purchase should not be a property under $30K. These are for experienced investors only. I see it too frequently. An out of state investor is told that there is a neighborhood somewhere in the Midwest that has a price-to-rent ratio of greater than 2%. They decide that this is a tremendous opportunity because they just got done reading Rich Dad Poor Dad, so they need to start getting out of the rat race today. They purchase the property more times than not sight unseen and are ready for the checks to start rolling in. Little do they know that they have bought a property in a high crime neighborhood.

Does this story sound familiar? Have you seen this story told countless times on popular real estate forums? If you are going to start investing without any experience, start with something easier. If you are going to do it yourself, start with a property in a B-class neighborhood. The returns won’t be as good, but it will allow you to get comfortable with investing. If you are looking for someone else to guide you through the whole process, make sure you do your due diligence and get comfortable with the company selling you the property.

Try to Stay Local

If you are a new or budding investor, try to start your research by looking at the properties locally. You can talk to real estate agents, investors and other experts to understand the market condition. Look for neighborhoods that have a potential of giving you good returns with high rental demand.

Related: Why I Don’t Buy Houses for $30,000 or Apartments in D-Class Areas

If you don’t want to get your hands dirty, you can look for the right turnkey investment company that could assist you in finding a good deal. It’s easy to meet them because they are in the same city.

If you don’t find any success locally, then you can start looking for properties or turnkey companies in different cities. You will have to make sure that you meet them in person and see the properties before investing in them.

There are many cities out there that can offer properties under $30K, but whether they are worth the price or not is debatable. Some of them won’t be able to generate enough income in the form of returns, whereas others will be in shady neighborhoods or require a lot of maintenance. You need to do your calculations properly before making any decision.

Economics of a Property

Property management is a day to day process. It’s not solely about finding the tenant, renting out the property and collecting monthly rents. It is an everyday activity where you have to deal with all the problems faced by the property, tenant or you. It could be a leak in the faucets or getting rid of bad tenants. Any property requires a lot of care, including preventative maintenance, regular inspections, repairs, and improvements. So when you think about this, think about what you are charging.

The example property brings in $700 a month in rent. You pay your management company $70 per month to manage. No matter the price of the rent, these properties still require the same amount of time to manage, and I would argue that $30k properties require more time. Unfortunately as the property owner, you will have to find a property manager who may need to cut corners to stay profitable.

Also consider the leasing of the property. Typically, property managers charge one month’s rent to fill a vacancy. That is either kept all in house or split with a cooperative broker. At $700 a month, the property manager may try to keep it in house so he can get the whole amount as opposed to splitting it. The cooperative broker might not even show the property because making $350 takes the same amount of energy and time as it takes to rent a property that has twice as high rent. All of these activities take time, and if you are going to pay less for someone’s time, inevitably you are going to get less in return.

Continuing with this theme about the cost of things, what do you think the overall condition of that property is going to be? If you bought the property “turnkey,” how much work do you think was actually done to the property? Our typical rehab cost for a property is around $30K. How do you expect someone to buy the property, rehab it and sell it for a profit if the sales price is $30K?

There is no room for profit. Heck, there’s no room for a rehab budget. Too often, people buy “fully” rehabbed properties, where the seller came in and painted everything and called it “fully rehabbed.” The person who gets stuck with the “fully” rehabbed building is a newbie investor who just bought a money pit.

I don’t know about you, but when I got to the Home Depot when I am looking for materials, I have never seen the aisle for materials for $30k properties. That’s because it doesn’t exist. Replacing a furnace is going to cost at the minimum $1,500 regardless of whether it is a $30K or a $100K property. So when that furnace goes, it’s going to take a much bigger bite out your profits. Just because the price of the property is cheap doesn’t mean the repairs are going to be any less than they normally would be.

Related: The $30k Rental Property: How to Finance & Profit From Cheap Real Estate

I’m not saying that people shouldn’t buy $30K properties. What I am saying is that to make it work, it requires you to most likely be a local. You’ll want to be able to manage the property yourself and be as hands-on as possible, so that you can squeeze every nickel out of your revenue. Because the actual dollars return is so small, you have to work harder to be extremely efficient. Otherwise, those promised returns will not be there.

If you are not local and not hands-on, you will end up performing the same–if not worse–than on that $100K property you avoided because you thought it was too expensive.

Have you had luck with “cheap” investment properties–or do you have a story of disaster?

Be sure to leave a comment below.

About Author

Mark Ainley

Mark Ainley is founder of GC Realty and Development and GC Realty Investments. Mark has been an active real estate investor since 2003. He started slowly by flipping condos and acquiring a couple of investment properties. Since 2003, Mark and his team have successfully renovated and stabilized over 200 properties.


  1. Wilson Churchill

    It really depends on the location. The trick is to find low prices in areas that are not high-crime areas. Different parts of the same city can be vastly different.

    A trick regarding a furnace replacement is to buy the exact same furnace, if possible, and swap it out.

  2. John Underwood

    I much prefer to buy a property in a decent area for 25k that rents for $700/month than a 100k property that rents for $900/month.
    I don’t buy a house if it won’t pay for itself in 3 to 4 years. They are harder to find a good house that is this price, but they are out there and the risk is much less.
    Just do your do dilegence before purchase.

    • Randy E.

      I agree, John. That 3-4 year timeline is something I also try to follow. At the least, I want the gross return after 4 years to top the purchase price.

      However, I LOVE LOVE LOVE articles like this one. Anything that convinces other investors not to seek and buy the properties I want is absolute fine with me. There’s enough competition out there as it is.

        • Randy E.

          Thanks, Mark.

          I think you make some good points, especially regarding newbies buying out-of-state “turnkey” properties without sufficient due diligence on the property, the company, and the neighborhood.

          On the other hand, I continue to disagree with the apparent standard belief that no inexpensive house that rents for < $800/month can be profitable in the long run due to some combination of "bad" tenants, cap expenditures, and vandalism/theft. It is too simplistic of a philosophy and it doesn't ring very accurate to me.

          (comments deleted by me because I was running on…)

          Maybe I'll wake up one day in 2030 and rue the day I ever bought $30K all-in properties. I guess I'll have to wait and see. Right now, in 2015, I'm very thankful to have these properties. And I'm excited to continue to purchase as many as I can, as quickly as I can.

  3. I agree with Wilson and John…it all depends. In my location (hour north of St. Pete Florida), there are plenty of houses in the $30’s that are in comfortable working class neighborhoods where I’m not afraid to be after dark. They generally rent for around $750 to $800, so decent ROI is a real possibility.

    • Rondi Frisch

      It seems I’m farming some of the same areas as you Lisa — West Pasco County. I’m a PM based in Clearwater, but I live in North Pinellas. We have a number of exceptionally well performing rentals from Holiday north to Port Richey.
      If you shop right and harvest distressed property, $30K is the all-in price after rent-ready reno.
      The sad part of that area is that so much is bank owned, vacant and in sorry need of a caring owner, but the banks won’t budge on their REO list prices or won’t even list them because they are holding too many bad assets in that market.

  4. Stephen S.

    I could not agree more. I heartily recommend that new-comers, as well as well-seasoned RE investors, never buy $30,000. properties. No one should ever invest in houses like that. In fact; if you ever come across such properties immediately run far away fast to get to somewhere that you can contact me and tell me all about them.


      • Wilson Churchill

        There are definitely a lot of “don’t want ’em” landlords out there. They are a great source for deals.

        I recently bought a house from someone that was renting the home, but had let the tenant go for months without paying the rent or water bill. Management is key, especially in lower income areas. A few years earlier, I bought the house next door from an out-of-state investor that no longer wanted the property.

      • Lisa Phillips

        I would like to know – did those investors o their due diligence? Did they vet the mangement team, neighborhood stats, rental income, inspect the homes? All I would say – there are people who invest in 100-200k properties and lose – it doesnt matter the asset class, its either mentoring with someone who works in these areas successfully, and learning from them – Its out there now on BP for whomever wants to learn these nuances, and easy to find.

  5. The author seems to forget that a lot of people actually live in the markets where these deals exist. I’m from Kansas City, and could easily buy a $30,000 house and know its in a good area. As a beginner who lives in the area, it is easy.

    Also to your point on costs, it will be a lot harder to afford to replace a furnace if you only have $100 of cash flow a month compared to $300+ a month on the cheaper property and you spent 3X as much on a down payment.

    • Mark Ainley

      Thank you for the response. Anthony, I am very aware that these markets do in fact exist. For the most part neighborhoods that are at the 30k price point are that way for a reason. For a new investor, they need to do more due diligence than look at the price of a property.

      • Mark,

        Great post and will certainly pass along. It is discouraging to purchase a property and not understand all the nuances it brings as a rental property. There is market share for all types of rentals and good investments for the “right investor”. It doesnt matter if the purchase is for section 8 housing, mid income housing, student living housing. The bad investment, is the bad information prior to purchase. A 30k property can be a great investment if you truly understand what the market will bring for that property. (the financial obligation to repair, the type of tenant it will attract and time and finances you have to dedicate.) strongly encourage new investors (or any investor buying in a new area) to speak with a local rental property specialist. A local realtor may be excellent in buying and selling you real estate and locating the 30k properties BUT understanding the rental market, is much more than pulling rental comps prior to purchase. Talk to a local professional property management company, 5-10 min conversation and let them point you in the right direction. They may be able to refer you to a Realtor they trust in rental property purchases. Attend a local NARPM chapter meeting and listen to what the property management professionals are discussing. That is my free advice from a sister investor that has witnessed ALOT of “bad investment deals” in the past 12 years. When you buy a rental property you are buying the neighborhood and schools and tenant they attract. Purchase price is secondary. We have rentals that started as 800 month but now are 1000-1200 over the past 2-3 years. Atlanta is a strong rental market, population continues to increase, demand continues to soar, good schools, quality tenants, quality homes…..that is a good investment.

        If you are in the ATL and looking for info, let me know. No catch. (I dont buy or sell real estate-except for me:)) I just love to talk about the rental market….

  6. I buy the neighborhood ….not the property. I have many $70,000 homes in nice neighborhoods, with a park, no crime, and good police and schools. In these neighborhoods there are a number of homes at $30,000. These are mostly homes of older people and or people with health problems that cant take care of them and they get dilapidated. They are rarely really damaged and have mostly cosmetic needs. With work they can be brought up to neighbor standards. Drive around , knock on a few doors, ask a few questions. Buy the neighborhood.

    • Mark Ainley

      Larry, I can’t agree with you more. I buy the neighborhood and not the property to. That is why I mainly invest on the south side of Chicago. I know which neighborhoods are good and which ones are bad. It is not something that can be figured out by looking only at price. In my market, there are great neighborhoods for great prices, but if you look at the national news you would never know that.

      • John Hamilton


        Southside Chicago is rough. I applaud you for knowing the good areas. There aren’t many, but the ones in that area have some good points. Yet, I still can’t see making any good passive cash flow in “that” area.
        Maybe I’m wrong. I found all kinds of ok deals all day long. But, either the block, square blocks, or whole neighborhood was a NO-GO!
        Maybe I didn’t give it a fair shake. However, I think it was good for me NOT to get involved. This is the kind of neighborhood that had my Mom screaming at me to get out of the area. Screaming! Granted, it was highly questionable if the deals would be a good investment, but it wasn’t that bad.

  7. Here is my experience with the $30k, 2-family property that I bought: Purchased in late 2004, no positive cash flow in 2005 because of repair and initial fix-up expenses. Total invested was approximately $30k by the end of 2005 (including initial purchase price and fix-up/repair costs). From 2006 through the end of 2014 I have averaged $5.3k/year in positive cash flow after all expenses (including capital expenses, excluding depreciation). Capital expenditures include: two new furnaces, new hot water heater, new roof. The windows were also replaced but that didn’t cost me anything. This was the first property I bought, it was local (less than 10 miles from where I live), and I manage it myself. Current total rent is $1400/month (i.e., $700 per unit). Overall it has been a pretty good investment.

    • Mark Ainley

      I agree with you Dawn. I have always been impressed by how much you have been willing to guide investors through the process in Milwaukee. The problem typically stems from someone who hasn’t done the work to figure out if it is a good property/neighborhood and they are unwilling to pay someone to gain that knowledge.

  8. Curt Smith

    We first got into rentals,,, then moved to rent to own in rural areas to avoid competition. We never hear from our renters, never any problems… We bought in the cheapest sections of top high schools. Not 30k but my math says that since I have no turn over costs, undue damage, collections, my honest cap rate is much better than the folks who work the cheaper houses. One needs to consider honest numbers for rentals. I think the demand to buy in the hood would drop off once folks realized that for all the drama, hassel that you actually don’;t make more cash in the pocket with cheap houses (what ever cheap means in your market).

    You can NEVER go wrong by buying good high school districts. Our rule is over Great Schools rating of 5 or better. If you buy over 7 you’ll never hear from those renters… As long as you screen for young kids and 2 good jobs.

  9. Ed S.

    $30k properties vary greatly depending on the local market, and even the neighborhoods within a local market. I would not be interested in a $30k property in many cities, but they are cash machines in others.

    The key is due diligence: local inventory, bed/bath count vs. inventory, rent comps, sales comps, school system, crime heat map, etc.

    Buying a $30k property sight unseen without conducting the proper due diligence is a fool’s errand. Confidently buying $30k properties after running the numbers and calculating one’s risk can yield great returns.

      • Lisa Phillips

        Mark – I think you’re right. However, if you’re unwilling to put in the time to learn this – THAT should be the topic of the article – New investors, if you’re going to get into this asset class, learn the ropes – and luckily, many are, since there are so many more of us investors blogging, teaching, and sharing with others. But, A to D, willingness to learn is important – for my part, I make sure on every post that I explain what those nuances are across state lines and geographies. I see comments every day for those who are newbies who are successful in this class posted on my videos – but they learned the ropes first!

    • Mark Ainley

      Reddrick, I don’t have that answer. Price is only one component of deciding whether a property is a good investment or not. Odds are if you are buying a property for 30k, it is not in a good neighborhood. It doesn’t mean that it can’t be, it just means that it probably isn’t.

  10. Susan Maneck

    As some one who does buy property in the 30-35K range, I have to agree that this is not the kind of purchases you want to make long-distance or with someone who doesn’t have as much skin in the game as you have. I buy properties in neighborhoods that got hard hit by the recession but where still most of the homes are owner occupied. The two houses I own in less quality neighborhoods I paid 15K for and I couldn’t help but notice that most of the owners of the properties in those neighborhood live in California! I’m willing to bet that they were sold those properties sight unseen- for 30-40K and told how great a return they would get on their investment. That’s true, if you can get a long-term tenant that will pay the rent faithfully. But good luck doing that at a distance! People who are financial stable enough to pay the rent the regularly are going to move out as soon as they are able. Fortunately, if they’ve shown themselves to be good tenants I have other options in better neighborhoods to offer them when they start making noises about the neighborhood. So I agree with the op ed, don’t buy 30K properties at a distance.

  11. mike waller

    As a new investor I have seen a lot of $30k properties being sold in the B’ham area, especially on CL. But as a contractor I understand why these are so cheap. A few questions from a new investor: The above articles seems to indicate the problem with $30k homes is as a rental, same for flipping? Does the $30k include costs of the rehab or just purchase? And what is considered a “B” neighborhood?

    Thanks for any help,

    • Mark Ainley

      I can’t speak to any neighborhoods other than my local ones. I know from experience in the rough neighborhoods that during the rehab stage you have the same issues with flips and rentals. If the property isn’t secure, and I don’t mean the door is locked, I mean that you have metal contraptions over the windows and doors so people can’t break in and steal the materials. The other issues that you can have that can be consistent is safety of the crew in these neighborhoods. If you look at my first blog, we literally had workers being robbed right in front of the building. If you can figure out the how do it, there is money there.

  12. Rob Taylor

    I tend to disagree with this article. This is totally subjective and depends upon the situation. It would take a bone head to purchase a property sight unseen no matter it’s location. Furthermore, you should typically never buy in an area that you are not familiar with. First of all if you don’t know the area then you have no idea how much rent it will bring. It’s true that typically a $30k property will typically be older or have issues. However, it is possible to find foreclosures at this price and do most of the work yourself and get a great return on investment. One of the biggest factors is not only schools but jobs and demand for housing. In some areas people can’t find enough rentals and I agree with the rent to own option because you can’t go wrong. Let them fix everything and if they default kick them out and find someone else.
    I’ve always avoided manufactured housing but I’ve come to the conclusion that if you are looking for rental property it’s as good or better than a house because at around $30k they are much bigger and much newer than the typical house. I would appreciate any feedback concerning manufactured homes as rental property.

    • Anthony Dooley

      My theory on Mfd Housing is that as a rental, especially in a rural area where it is more of a norm, they are actually better than buying a cheap rental in a city. Rural GA, where I am, there is little no crime, there is less turn over, and tenants are usually lower income, yet honest and hard working. If you are looking for appreciation, then you are a speculator, not an investor. I have a mobile home that I bought for $24,000 and fixed it up a little. It rents for $700 and will continue to do so for many years. Even if the property goes down in value, the rent will not.

  13. Toni Reavis

    When purchasing $30,000 properties you need to use common sense. I have purchased several and have had a great return on them. I did make the mistake of buying a nice 4 br. house that needed very little work for $15,000 only to discover that it was in the gang neighborhood. The house was shown on 20/20 for their special on Gang Banging in Little Rock!!! I was horrified. I eventually sold it to a minister who was raised in that area. They loved the house, so it all worked out. The others are paid off now and rent for $950 mo. It depends on your situation. I have had better luck with spending some money up front to repair a cheaper house than paying more for a house that someone else has remodeled. Many times they have just covered up problems so that the house looks good. I always get an inspection before I buy, to cover what the cost is going to be. I also manage my own properties. I want to know who is living in my property. Government housing is also profitable and they pre screen the tenants. The rent is automatically deposited every month with no worries about not getting paid. They are typically better renters and stay for many years.

  14. don alberts

    Everyone this is a good subject for me and new people to investing. I am having mixed feelings on this subject, but with both points of view it is obvious that due diligence is the priority. I appreiciate everyone’s input, and I hope all of you have great success in investing. Have a Great Day. Don

  15. Anthony Dooley

    Nobody can tell me that you shouldn’t buy $30K properties, because I have done it and I’ve become a millionaire in about 7 years. Consider the source of these articles. Unless they are from your market, take it as general guidelines. Of course the examples given are the worst possible scenarios. Newbie, out of state, using a property manager, etc. How about know your area, buy it right, renovate/repair prior to renting it out, select your own tenants, manage your properties (mind your own business). These are things I do, have done, and will continue to do. There is no substitute for experience in your market. Don’t believe everything you read. There are exceptions to every rule.

  16. Larry Russell

    My motto is to buy a < $30k property in a $45k+ neighborhood that requires no more than $5k in rehab costs. The condo community I've purchased in thus far is in a descent area with no reported crimes. Properties in the area are renting from $550 to $750 per month.

  17. Sarah Bojorquez on

    I paid 29.5 for my home (that I live in) in a Cincinnati suburb. I’ve put about 10k in it and lived here for over a year. I have not seen or heard of any crime in the neighborhood. It is working class, mostly homeowners and a quiet street. Most homes in the area are around 50-60k in value I have lived in the area all of my life and knew what I was getting into. If you take the time to do your research there are plenty of great homes available at low prices.

  18. Jeffrey P.

    Sorry if this is a newbie question (I have only been on the site for a week) but what exactly is a “turnkey investment company”? The area where I feel most comfortable right now would be buying closer to turnkey properties for rental income. I am not currently interested in flipping or looking for anything with a lot of rehab necessary as I don’t know a lot about the “right” places to rehab houses yet but I’ve never heard of turnkey investment companies. A quick Google search returned a website for one in Memphis that almost looks like a website set up for an infomercial.

    • Chad W.

      Hi Jeffrey,

      A turnkey company finds the property, buys it, rehabs it (hopefully!) and then sells it to investors, usually packaged with their own in house Property Management company. If you want some candid advice from someone that has purchased a couple and is no longer actively searching out deals, reach out.

    • Yolanda Salazar

      Hi Jeffrey:
      A turnkey investment company is a company that buys the property usually at a discount , then they rehab property, then they market it to sell it to an investor or home buyer in move in ready condition (usually at a marked up price). What areas are you considering to invest in? I am in Cleveland. Let me know if I can be of assistance.

  19. Monique Rene Coates

    Thanks for the article!

    I just spent last night researching a large bulk SFR deal in IN, MI and OH. ROI looked wonderful! However they were all PIGS but I didn’t know it until this morning after reading this! LOL I’m learning!!

    If any investors like these things contact me. I’ve got a GOOD ONE for you!
    ROI 900%+ with 5% down

  20. Gina Vaughn

    We sell properties all the time starting at that price range…newly rehabbed I might add. These are in decent neighborhoods and Rent starts at $700 and up. I don’t understand why people would run from what we are offering it wouldn’t make sense not to invest in them.

  21. Michael Swan

    This topic seems to come up often on Bigger Pockets. I just see this sector of real estate as one way to diversify your real estate portfolio. 8 of my 46 from doors are $30,000 or less all in properties in the Midwest like you state. I clear approximately $3,200 .00 tax deferred cash flow from this sector presently. I stay conservative and hold back quite a bit for reserves and also have an incredible local property manager that really knows how to service this particular segment. We invested $240,000 total in this segment and have no loans. We paid all cash. Remember these three rules for investing and you have a very low chance of losing it all. 1. Never lose money. 2. Whatever you buy it must cash flow. 3. You can’t get rich slowly..

    Read and learn as much as possible and DON’T fall for late night guru, instant gratification, something for nothing garbage. Invest in areas that are emerging and the people that live in the area are so beat down and don’t even see that they are emerging. Right now I have targeted such an area. All you have to do is make sure you refinance or my personal preference 1031 exchanging all my properties in San Diego, which has appreciated wildly since 2011 and am moving all that equity to an emerging market, with great cash flow.

    The Multifamily or apartment complex business model is the natural progression. I now have 33 apartment front doors in three apartment complexes. Also, I still have those eight $30,000 all in single family in that same emerging market, but that is just one segment or sector. Don’t make it more than it is. I also still have 5 single family left in San Diego and I am selling one more now and will 1031 exchange that one too. At the same time I teach full-time and 2 nights a week I am also an Adjunct Professor at a Community College in San Diego. If a lowly paid teacher can do this, anybody can!!

    If you change the way you look at things, the things you look at change right before your eyes. We are only limited by our common sense, which is our accumulation of prejudices achieved by the age of 18.

    Reality is merely an illusion, albeit a very persistent one. I believe Albert Einstein said these last comments I have made.

    Do it!! Do it!! Do it!! (movie Dodgeball)


  22. bob c.

    My strategy is to buy relatively expensive houses ($300k) and rent them to highly qualified tenants.
    I don’t want to deal with low end tenants or low end properties. When I do a $25k remodel I want it respected and appreciated – and charge a premium rent because they love the house. My experience has been that when something needs attention they get it done themselves.
    My first property was low end and it attracted low end tenants who trashed the house.
    Just my strategy, and it’s still legal to discriminate against low end people.

  23. brian ploszay

    I have some of these properties.


    You get a long staying tenant, who pays and takes care of the place, then it is a home run. About 50% of my cheaper properties achieve this.


    You will end up with properties that are more exposed to evictions, difficult collections and definitely more turn-over capital. I don’t care how good you are, tenants in lower income neighborhoods lose their jobs and have more life issues. These tenants don’t have deep pockets to overcome adversity.


    Do not invest in these type of properties unless they are in your home market. It’s okay for a newbie to try a couple, but be prepared for some struggle to make the properties perform. Avoid rapidly declining population areas such as parts of Detroit.


    There are success stories with these properties. Don’t expect an armchair investment.

  24. This article was interesting because I found out about Bigger Pockets from Lisa Phillips who is a Bigger Pockets member but I heard her video blog on YouTube. Now, I am not a real estate investor yet, but, I am math person. So, I do not understand the reason from a number’s point of view if you purchase 30k properties for the long term. I mean, how much money will you lose over 10 to 15 years compared to the actual rents collected in the same time frame.

    Just to repeat, I am not a real estate investor yet, I just do not understand if you are a buy and hold real estate investor, why wouldn’t 30k properties be good or even an Okay deal?

    • Lisa Phillips

      Nice shout out Sean! I would have to say – I’ve read all the comments here, and I have to say both sides are being argued well from their points of views. The article was the spark, but the commentary from experienced investors here can really help put things in perspective for you! 🙂

  25. “What I am saying is that to make it work, it requires you to most likely be a local.” I think the most important is to buy a property in a place that enables you to rent it or resell it. Pershaps sometimes it is better to buy in another city.

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