Just joined Bigger Pockets and am looking for advice

[Claudia Frank]

Hello! I just joined Bigger Pockets and am not 100% sure how to use the forum. I own a home in Upstate, NY that has 3 rental units in it. I bought it 17 years ago and had zero idea what I was doing, somehow it worked out really well. That being said, I should have bought a second property at that time and was too afraid to do so. Now the town is too expensive to repeat my success and buy a rental property that will generate income. 

I have been looking at buying another property in less expensive areas/states but am afraid and unclear what my next steps would be. I am making a profit from my house in Upstate, NY and have a good paying full time job. I am considering buying a duplex or some form of rental property in Oklahoma as I have friends and family there. 

Any suggestions, or suggested reading would be greatly appreciated. 

[Min Zhang]

Your approach to out-of-state real estate investment is well-founded, and focusing on the suburbs of Columbus is an excellent choice. The primary reason is the affordability of this area, which provides promising investment opportunities. Additionally, Columbus is a city on the rise, with several major companies slated to move into the region in the coming years, resulting in a surge of job opportunities and population growth.

Furthermore, rents in Columbus have increased 6% year-over-year, making it a great market to have a buy and old in. Having a budget around 200-250k can get you a great property in the suburbs with minimal rehab and great cash flow! Let me know how I can help!