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Updated over 5 years ago, 05/31/2019
Retail Investment Property
Hey BP members I am considering purchasing a property in the southeast and the investment would be out of state. I own my primary free and clear. I have a good amount of equity in my primary. My plan is to put 25% down on a sfh for my first investment to get my feet wet with a heloc. I just wanted to get everyone's idea/opinion on what you guys think about a retail sfh that cash flows for a first investment. The area is an AB class area with an AB tenant pool. After all said and done I'd be profiting about $500 including all fees from a property manager and applying the 50 percent rule. The homes I'd be looking at are going for about 170k retail that are rent ready. Any input is greatly appreciated. Any more info you might need for some healthy criticism I'd be more than happy to share.