Please help I'm an new investor!?

[Dwayne Johnson]

Hello all I've been apart of the BP family for some months now. I just haven't used it the way I should have. I have one rental that I am making $100 positive cash flow on in Camden NJ and one that I assumed the mortgage in Glassboro, were I am getting $150 in positive cash flow monthly. Now my question is I'm looking to invest in 2-4 units now and I'd love to know what to look for when determining what market I should look into? Any response help, thanks in advance!

[Debra R.]

We were recently in sort of the same position. We knew we wanted to buy an SFR just outside of Detroit but until we started looking and touring houses in earnest we didn't realize how different all the towns are. Even just narrowing it down to north and west of Detroit leaves a lot of towns and they're all different. So, my suggestion would be to choose an area that you can visit for a week or two, then narrow down the towns and neighborhoods. If you buy a duplex with 3 bedrooms each side, it's most likely a family will rent and so the school district is important. But if you buy a building of all studios and 1 bedroom apartments then your renters will more likely be young singles and couples who will want to be near work, restaurants, bars and other entertainment.