Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
First deal in Rural Illinois
Hey BP! I am looking to purchase my first rental property. I am really excited about the opportunities, but I live in pretty rural Illinois. So this is great because I can get a smaller home for 40k, but there is likely to be very low or no real appreciation in my area.
Should I still start investing? I can purchase a home for 40k and rent it out for $650.