Looking to buy investment opportunity for max $230K

[Alex Kolominsky]

Hi guys, This is my first post ever on BiggerPockets. I Am a realtor from Orange County, CA, and would like to invest out of state, together with my father, with no more than 230K into real estate (that's all we have for this), in the most efficient way, to make maximum ROI. It's important to know that I've NEVER invested in properties. I do want handholding, I do want to understand how it's going to work, what the most efficient way is to get this done, how the numbers are crunched, and why should I pick a certain state or area over another? Thank you in advance!

[Tom Ott]

Originally posted by @Alex Kolominsky:

Hi guys,

This is my first post ever on BiggerPockets. I Am a realtor from Orange County, CA, and would like to invest out of state, together with my father, with no more than 230K into real estate (that's all we have for this), in the most efficient way, to make maximum ROI. It's important to know that I've NEVER invested in properties.

I'm seeking a mentor, and representation on an out of state investment deal with maximum ROI. I do want handholding, I do want to understand how it's going to work, what the most efficient way is to get this done, how the numbers are crunched, and why should I pick a certain state or area over another? Thank you in advance!

Well, if you are investing out of state, I would have to agree that the Midwest might be the place to look at! You can get many SFRs for under $100k in decent neighborhoods that rent well. 

Please feel free to look at:

The Best Types of Markets for Profitable Turnkey Properties