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Updated 3 months ago on . Most recent reply

User Stats

11
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8
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Stuart Bartle
  • Investor
  • Los Angeles
8
Votes |
11
Posts

Ready to invest in first property rental

Stuart Bartle
  • Investor
  • Los Angeles
Posted

I’m just starting out in real estate and ready to buy my first property to rent out,

I’m in Los Angeles and was first thinking about Airbnb condo at the Palms place, Trump or even a sfh to rent long term.

I don’t see too many investors bringing up Vegas. More in the midwest.

I was thinking Vegas because it’s relatively closer to manage when necessary.

I realize there isn’t any 1% or 2% rule in LV.

Thank you

Most Popular Reply

User Stats

1,462
Posts
1,979
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
1,979
Votes |
1,462
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Patrick Drury
  • Real Estate Agent
  • Columbus, OH & Cleveland OH
Replied

@Stuart Bartle
If you are looking at investing out of state it doesn't matter how close the property is to you. Even if it's in Vegas or Flordia it's still out of state and will require a property manager for the day-day operations. Focus on finding a market that fits what you are looking for then build a team to help the property succeed. 

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