New guy here

[David Miller]

Hello, New guy Dave here! I'm new to real estate investing and I'm looking to pick people's brains on the best way to get going. I have around $40-50k to invest and I've been looking in the Ohio market for long-term rentals & possibly section 8. Open to other markets as well, but wanted to meet some people who can lend any bit of advice they can. 

[Jason Wray]

David,

Ohio is a hot market and there are a lot of properties priced at a very reasonable price point. These price points also offer some great cash flow/ROI opportunities as well. Having $40-$50K is a great chunk of change and there is no reason why you cannot spread that over more than one property. Especially now that lending is getting a little easier and rates are dropping with the need of only 15% down even on 2-4 units you cannot go wrong.

This is a prime time to get in on a good offer since most sellers dread their property rolling over to another year. Thats incurs new years costs on taxes & insurance plus extra DOM - days on the market is always a bad sign. I would focus on 2-4 units so that you get the additional doors passive income versus 2 homes (2) taxes & Ins. But if a good SFR deal presents itself its still a win either way to grab it up.