I stopped buying sfh's as long term rentals here in illinois.

Price points are low when acquiring real estate but that also comes with lower rental market values for your units so it pretty much evens itself out.With that, if you are going to buy in Reading I advise you strongly consider managing your own properties.

if you buy a random property 3000 miles away and have to hire out everything and overpay for everything you won't.

Its worth having your brokers license if you want to make money helping other people buy and sell.

I reached out to RTR, they referred me to another contractor which gave me a bid that would increase the construction cost by 100K - or they offered to buy as is and I would take a 160K loss.It is terrible to fell this dumb!

Investment Info:Large multi-family (5+ units) buy & hold investment.

I've also read about Doorvest, and they are trying to make buying a rental property similar to buying a stock with a broker.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Banning.

Those buying close to the city are either breaking even or taking negative cashflow and banking on appreciation (or buying all cash and parking money, ha).If you do consider Lowell, I'd also recommend you check out the Fitchburg/Leominster area as well.

The “Big deals” are…You have to buy something you don’t already own, not pay off debt, renovate a home you own, or build on land you already own.You have to spend all the “cash” you receive.You have spend more than your net selling price.You can never receive or have control of the cash, you need a QI PRIOR to selling.