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Updated 8 months ago,

User Stats

8
Posts
7
Votes
Ken Chen
  • New to Real Estate
  • Salem Michigan
7
Votes |
8
Posts

Investing in Ohio

Ken Chen
  • New to Real Estate
  • Salem Michigan
Posted

Hello members,

I am a first time investor recently moved back to Michigan, my focus was primary residents and after moving back, I had to rent my previous house out in New York which is producing some good income. With what I have now, I’m looking to invest in an area that’s both affordable and ‘if I mess up, I won’t lose too much’ mindset hopefully. After reading on the site for a while (days) I more interested in 43612 and 43613 areas as some mentioned. 

Prior to the site, I was set on areas around the university of Toledo, but after a few months searching, I’m still holding my bag. 

But right now, I wonder if a total newbie in this should really be trying to get a small loan (50k) to purchase two house around 60k each? For rental purposes, cash flow. 
or stick to one at a time? 

And if anyone who is out of state, also does the management yourself? Or hire a company to do it? If so, what is your rates that you’re seeing. 

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