All Forum Posts by: Jeremiah Draper

thanks for the reply everyone.

Quick question, if you can buy a townhome for 100k that will rent for 1100ish a month is that something worth pursuing or would waiting be a better option?   

After interest and taxes you are lookin at a 600 a month payment in a mortgage.  I'm obviously new but this seems like a no brainer to me if the rental market is favorable and acquiring tenants wouldn't be very difficult.

Thanks in advance

thanks Ned, I don't think I will have the time or up front cash to flip at this moment.  When I first started thinking about investing flipping seemed like more work but more fun and more wealth.  But the more I thought, I like the idea of someone paying for your property and then once paid for, pure profit.

Again I'm new and have very little experience and can't wait to read and talk to you guys for help

 I have lived in spring mills for a few years now. I am originally from williamsport,md.

Unfortunately, I have very minimal experience and connections at the moment.  I am currently starting the process of speaking with my loan officer that is a family friend (also owns multiple rental properties) to see what her thoughts are.

Does anyone advise using a management company to take care of their rentals?

Just like everyone else, I am new here and interested in investing in properties. The eastern panhandle in WV seems like a growing area and housing prices are slowing rising being located in between Winchester VA and Hagerstown/Frederick MD. This area is also a little over an hour to Baltimore and DC.

I first thought it would be interesting to flip houses in the area but the more I've been thinking, I feel buying properties for rentals may be the way to go.  

If anyone would be able to point me in the right direction regarding buying properties with little money down and single family homes vs townhomes rentals and what is the best option that would be greatly appreciated.

Thank you all.