Buying real estate in North Carolina

[Efren Trujillo]

I have watched numerous real estate investing videos by Graham Stephan & listened to podcasts & I really want to get into real estate. I’m now saving up for a down payment on a house & get it rented out in the beautiful state of NC to start off & get my feet wet. One thing that has always bogged my mind is how do you actually make a profit or cash flow on properties that are $50,000-$70,000? Wouldn’t most of money coming in be used for rent/mortgage payment, utilities, etc?

My main plan would be to first off get pre qualified with a 20% down payment on a property that costs around $50k-$80k & increase some of the value by doing a few renovations.