What is the first investment property is best to start off with.?

Question

Hello I am new here just trying to connect and share some investments ideas . What is the best first property to start off if I already have a primary property just purchased 6 months ago. Want to purchase my first investment property

Samuel Diouf · Answer

If you're looking to invest out of state, there are some great opportunities in Ohio. Columbus is becoming one of the fastest growing markets in the U.S. and prices are still very affordable.

Tim Bratz · Answer

Hey Rose!! The best property to invest in is one that matches your goals. Also, one where you have a familiarity with the area. Happy to connect!

Dominic Rosato · Answer

Hi Rose- Few things to note about buying an investment property.

1) Expect to be putting down 25%, as this is most lender's required downpayment on "investment" properties.

2) You likely won't be cashflow positive unless you are putting >50% down, OR are buying in a C-class or worse neighborhood.

3) Starting out with a condo or townhouse could be a great idea if you're just looking to get your feet wet with landlording- It is less maintenance than SFH or MFH, and you will gain invaluable experience managing a tenant.

Aside from the financial challenges, I think it's great that you have the mindset to grow your portfolio. Your future self will be thanking you!

Rose Dousuah · Answer

My goal is to to buy, sell and invest. I will like to start off with a town house rehab and rent for cash flow. I do understand its may not be huge cash flow just yet but wanted to start building my portfolio.

David Ramirez · Answer

Hey @Rose Dousuah,

It would be difficult to guide or give an opinion on the best path to take if you don't share your goals with real estate.

What is the first investment property is best to start off with.?

What is the first investment property is best to start off with.?

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