Starting real estate journey with 100K in a market with bad price to rent ratio

[Aakshay Subramaniam]

I am a regular listener of the bigger pockets podcast, and I absolutely love it. I am getting quality information for my recently founded obsession for real estate.

I have a full time job that pays around 170k excluding stock options (which I would like to retain as a separate investment for now but I am open to use that for real estate if required). I have around $100k cash saved up. I bought a primary residence house last year which I am not planning to house hack. My monthly payment is coming to about $5,000. I learned about finding a deal which should have positive cash flow but it seems increasingly impossible in today's market, especially in Austin TX area. What advice would you have for me to get started in real estate business?

[Min Zhang]

Hey Aakshay, my recommendation for you is to start with turnkey rentals. It's the easiest way to try being a landlord without dealing with tricky renovation projects. I've seen you have also mentioned that numbers don't make sense for you in the Austin area. You should try exploring other markets such as Dayton and Cleveland where you can buy single family homes under $100k and duplexes under $200k.

I can send you a list of contacts in Ohio to help you build your team, property manager. Let me know how I can help!