All Forum Posts by: Jim Smith
Jim Smith has started 2 posts and replied 3 times.
@James Wise and @Dave Visaya, done and done. Thanks for the tip.
Hi everyone, I am a newbie from Morgantown, WV looking to get started in the real estate investing game. Is there anyone else from/familiar with the area on here? It seems like there are tons of real estate opportunities, but Morgantown never really seems to come up in conversation.
Post: Is this a terrible plan? (Morgantown, WV)
- Morgantown, WV
- Posts 3
- Votes 3
Hi BP, long time listener first time caller. I am a graduate student at WVU in Morgantown, WV, and am looking to start investing in real estate on a very small scale (for the time being). I have read a ton of stuff on this site, and listened to almost every podcast, but at the end of the day I feel like I just need someone to tell me if my plan is downright foolish.
Ideally, I would like to use an FHA loan to buy and hold either a) a SFH to live in, with each of the remaining bedrooms rented out individually, or b) a duplex, with half of it rented out and the other half shared between myself and roommates. In either case I would need to budget for a property manager, since I lack the knowledge and skill to be able to fix much of anything. Does this seem like a reasonable proposition for Morgantown, or am I out of my mind?
If it's not a terrible idea, any recommendations for PMs and/or buyer's agents in the area would be greatly appreciated.