All Forum Posts by: Jacob Song

Hi, I am living in South carolina and wanting to start investing in real estate. I am looking for a great market not only in south eastern market but better if its close.  I am wondering which market will be great to start off with around $30,000 in cash. Atlanta? Jacksonville, charlotte, south Carolina or even in mid west if it has good cash flow and great market. Any recommendation on which market or how I should start investing about $30,000? Will it be a good idea to go find a good property management company and ask if they knew a hot good cash flow market before I purchase any property? Or should I just talk to the estate agents? 

Please give me advice :) What would you guys do? Thank you.

@Account Closed Thank you very much :)

thanks for the advice everyone :) @Marcus Hendren what type of properties near school do you like to invest most in? (condos, apartments, housing)? would students still be willing to live in a properties that would be 10 to 15min drive from school? or usually do they like walking distance?. And I also use venmo and that would be a great idea :) thank you.

thank you very much :) it was very helpful

Hi i am hoping to invest in my first investment property soon. From my state, only place that I think that would have high tenant rate would be near university of area because the in my state, since it is not one of the biggest cities with most diverse job industries, it seems to have more people(students) in the school area. When I did some research, $50,000 condos were renting out for $750 per month. , $79,000 were renting out for $950, and $150,000 condo for about $1500. So since the rent was 1% of the property, i thought it would be an okay deal. But I want to learn some of experiences investing in condos/apartments/house near university area. Were they pretty profitable? how was the ads usually advertised? what are the pros and cons?

Thanks

Hello, I am a newbie to Real Estate business and have many questions. Before I was getting all excited about real estate investing, my mom was saying you will be paying lots of taxes if you don't live in it. My mom have 2 single family houses which causes for second house property to be taxed a lot more than before. So question I have is that if you buy a multifamily house to give rent to others does it also count as second mortgage which will cause it to get taxed a lot higher? Or putting it as an LLC will make the tax smaller than putting it as your resident building? Is there way to find out how much exact taxes I'll be paying if I buy the property?