New BP member question

[Tyler Paquette]

Hello BP, I have been overwhelmed with positive thoughts from all of the information I have been reading from this site. This place is amazing. I have no Investments under my belt yet. But..

I have about 11k saved right now that I could use for an investment. I have been looking in the Ohio, Detroit, Il, and KY areas. Something between 50 + 75000 or even less and I'll put some money into it.

My question is, do you think that is reasonable to start out for a first investment home? Living in Massachusetts is crazy expensive, and I've just spent the last 4 years paying off all my debts. But I figured I could start small and then go from there

Also, I understand all PMs are different, could anybody tell me an average price for one in the midwest area. Understanding it is a general geographical location.

[Brandon Goldsmith]

It all depends on your goals for cash flow and appreciation. You can get great cash flow in a lot of midwestern cities but Columbus can be a competitive market for investors so you would most likely have to put that into a SFH in a C neighborhood or continue to save for either a bigger investment or better neighborhood for it. @Tyler Paquette