I just started to invest in realestate. I live in falling waters wv (near hagerstown MD). i have started to invest in homes 140 miles away. In a very ugly town. i bought 2 duplexes for around $57,000. each unit rents out for an average of $350 plus or minus $25-$50. high taxes and insurance but they still turn a profit. plus i could sell each home for $35,000. There are other homes there that you could rehab then sell for a profit. I invest in this area because i could buy the homes 100% cash with nothing down. If i bought in my area were the average home is $200,000. I'm not rich and i don't have 10% for a down payment of the loan. I'm looking to relocate to my run down town that i invest in. My family and friends think im' doing drugs but i know its a gold mine just waiting for me. its like anything else every place has its ups and downs.
