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Updated over 2 years ago, 05/21/2022

Lionel Thomas's profile image
Lionel Thomas's profile image
Lionel Thomas
  • New to Real Estate
  • from Albuquerque, NM
  • Member since May 15, 2022
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User Stats

19
Posts
8
Votes
Lionel Thomas's profile image
Lionel Thomas's profile image
Lionel Thomas
  • New to Real Estate
  • from Albuquerque, NM
  • Member since May 15, 2022
Connect
Lionel Thomas
  • New to Real Estate
  • Albuquerque, NM
8
Votes |
19
Posts
Starting Out

Buy and Hold. Is it Okay to purchase cheaper homes as Rentals?

Lionel Thomas
  • New to Real Estate
  • Albuquerque, NM
Posted

Greetings,

I'm still a newbie, but planning to purchase our first rental in a few months. The location will be in Memphis, TN. The homes are listed at 65K - $80K. Is this a good price for our first rental property, if the home is in good condition? Looking forward to hearing your feedback.

Albuquerque, New Mexico
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