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All Forum Posts by: Joe Ko

Joe Ko has started 2 posts and replied 7 times.

Post: Second home/ first rental investment

Joe KoPosted
  • Posts 7
  • Votes 3
Quote from @Hamp Lee III:

On vacation homes you can get a loan for 10% down…


 Yes. For my first LTR I think it is a nice entry level. 

Since I don't live in Myrtle beach I need help figuring out which areas to look into and which areas stay away from.

Post: Second home/ first rental investment

Joe KoPosted
  • Posts 7
  • Votes 3

Hello there

I'm looking to buy a rental property and maybe use it as a vacation home once in a while. Interested in Myrtle beach area. 

not looking for a beachfront property. 

I've heard there's a lot of crime in Myrtle beach. I want to know you recommendations where are safer areas and where are ones to stay away from.

Post: Help finding first rental in Virginia

Joe KoPosted
  • Posts 7
  • Votes 3
Quote from @Jacob Sloop:

That’s a little broad but I will share my buying criteria for single families in my area..

3+ bedrooms

2+ bathrooms

1000-2000 sqft

Built after 1960 preferably after 1980



 Thanks  that is helpful 

do you also filter by price? Do you set a max limit?

Post: Help finding first rental in Virginia

Joe KoPosted
  • Posts 7
  • Votes 3

Do you recommend I filter houses by a certain year? 

what about Number of bedrooms? 

Post: Help finding first rental in Virginia

Joe KoPosted
  • Posts 7
  • Votes 3
Quote from @Nathan Gesner:
Quote from @Joe Ko:

Do you recommend for someone likr me starting out and looking to buy first investment to buy it out of state such as in the midwest where homes are more affordable? 


Absolutely! Read "Long-Distance Real Estate Investing" by David Greene. Lots of practical information that will give you 80% of what you need to know. Then just do it!


It is next on my list to read. I'm currently reading Brandon Turner's book

Post: Help finding first rental in Virginia

Joe KoPosted
  • Posts 7
  • Votes 3

Do you recommend for someone likr me starting out and looking to buy first investment to buy it out of state such as in the midwest where homes are more affordable? 

Post: Help finding first rental in Virginia

Joe KoPosted
  • Posts 7
  • Votes 3

Hi there 

I'm looking to start REI journey. I'm looking for my first investment and totally lost and discouraged.

I live in Northern Virginia. I can't find ap TH or SFH that's under 250k. For 150k and under can buy a house in a sketchy areas in Baltimore or Richmond.

I see posts on bigger pockets investors buying duplexes or SFH under 100k all the time. I don't know how people find those.

I need some guidance, how can I find a house reasonably priced. Or do I need to consider investing out of state?

thanks