All Forum Posts by: Sam Rane

@Jason E. Smith thank you for the response, I was actually a little skeptical that I had asked too many questions but I'm really grateful for the detailed answers.

Hello Everyone,

I'm new to this forum and new to investing. a little bit about me, i'm 38 years old male married no kids, I currently live in NC specifically in Raleigh area, and i am looking at diving into NC housing market but i'm not sure where to start exactly. I wanted to know which option would be best for someone like me "a Newbie" and how to actually get started in Real Estate? Should i get a Single Family House (3 bed 2 bath) as a 1st property and rent it out OR get a Duplex ? I'm looking for cash flow and gradual appreciation or maybe mix of the two. My goal is to start small like invest into home/s between 80k-100k and grow my portfolio...

Some of the questions i have are:

1. is the NC real estate market promising ?

2. Is it risky/or safe to jump into a duplex as a first property ? Or a SFH would be a best option?

3. Where in NC should i start looking for houses under 100k ? Name of city/or Town?

4. Is it easy to rent the property in NC?

5. Do i need to own an LLC ?

6. Do i need to hire a PM to handle the property ?

Any comments/help is appreciate it, thank you all!

Sam

@Scott Swanson Thank you so much for your input very insightful. 

Hello Everyone,

I'm new to this forum and new to investing. a little bit about me, i'm 38 years old male married no kids, I currently live in NC and i  am looking at diving into Oklahoma housing market but i'm not sure where to start exactly. I wanted to know which option would be best for someone like me "a Newbie" and how to actually get started in Real Estate? Should i get a Single Family House (3 bed 2 bath) as a 1st property and rent it out OR get a Duplex ? I'm looking for cash flow and gradual appreciation or maybe mix of the two. My goal is to start small like invest into home/s between 80k-100k and grow my portfolio...

Some of the questions i have are:

1. is the Oklahoma real estate market promising ?

2. Is it risky/or safe for someone out of state to invest in Oklahoma ?

3. Where in Oklahoma should i start looking for houses under 100k ? Name of cities/or Town?

4. Is it easy to rent the property in Oklahoma? 

5. Do i need to own an LLC ?

6. Do i need to hire a PM to handle the property ? 

Any comments/help is appreciate it, thank you all!

Sam