Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 8 years ago on .

User Stats

25
Posts
9
Votes
Parth Patel
  • Specialist
  • Allentown, PA
9
Votes |
25
Posts

Choosing locations/rehab costs

Parth Patel
  • Specialist
  • Allentown, PA
Posted

Hey everyone,

I'm trying to educate myself on how to choose a decent location(in the future). I'm a huge newbie (just started last week) and one of my biggest fears is purchasing a home and then not having anyone rent it. I was wondering, generally, how difficult is it to find tenets and how do some of you go about choosing locations for a buy and hold? Another fear I have is overlooking any rehab costs. 

I'd like to pursue a buy and hold strategy but am not sure what types of homes I should pursue. Since i'm just starting out i'd ideally like to start with a small investment (just to get my feet wet) and then with a little experience under my belt aim for larger projects. 

Any advice would be greatly appreciated.

I don't plan on pursuing any type of investment until I get a solid grasp of the industry (i'm aiming to invest by June/July!!).

Thanks.