Unless you can knock all of those items out in the next week, price competitively in the market and are in a hot area. 

Purchase price: $44,000 Cash invested: $75,000 This was a huge undertaking, but the risk reward ratio worked out great.

Welcome to the world of real estate investing!

If one of the greatest investors of all time believes stocks are overvalued, this may be an opportune time to shed some risk and move into a more tangible asset like real estate.The Rochester housing market is a great place to consider for investment.

We are looking to make this post to start getting in contact with likeminded people in the areas of Calgary or Edmonton.To provide a little background, we purchased a half duplex 3 years ago in our hometown (Northern Ontario) at the age of 21.

What area of Houston is the property located? 

My first home was with 3 friends paying me more rent than the mortgage payment.

It will pay for itself in 3 years.Best of all I'll never pay any tax on this income because my ROTH IRA owns the house. 

Lots of variables here that need answers to piece this puzzle together. 

@Ofir R.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?