All Forum Posts by: Jordan Szabo

Hi all, thank you so much for all the responses.  I appreciate you taking the time to help a rookie out. After one post, I already have a tons of new info from you guys that I can continue to research with.  Very grateful!  @Dan H., understood about the 100K properties.  I suppose I could set my sights higher but I guess I was just thinking the 100K would be a low cost way to at least get my feet wet. I'm not really trying be profitable right away, just wanting to get started and see what this is all about.  However, I certainly don't want to lose money every month either. @Michael Smythe, thanks for the breakdown and details on different class properties. Overall, I'm feeling a little intimidated now about OOS investing.  Ideally I would invest in my own backyard where I am very familiar with the properties, but it's just so expensive around me.  Ok, lots to think about.  I'll keep researching. Thanks again everyone. 

Hello BP community,

I'm a brand-new member and I'm looking to pull the trigger on my first rental property soon. My primary residence here in San Diego has a lot of equity and I plan on getting a HELOC to pay for my first rental. I would like to buy a SFH in the 100K price range to start. Given this 100K price range, I know that limits my potential housing markets. I am leaning toward Lansing, Michigan although I'm still very much in the research phase right now. I know Lansing has its own set of pros and cons, but so far, I like this area to start out with. One other pro about Lansing is I have a close friend who lives nearby and would be willing to keep an eye on things for me. If I find the right house and the right property management company, I think it could work well. Any opinions, advice? Anyone want to talk me out of this? Can anyone shoot major holes in my theory? I appreciate any feedback. Thanks!