What is the best area in Birmingham to invest?

Quote from @Bruce Rasquinha: Hi, I'm a newbie to the world of real estate investments.

Here are the top 10 tips to find the perfect house-hacking investment property in the Windy City:1.

Its a slow learning process if you havent been in the lending, investing or real estate world before.

Ask your employer if you can have your pay split up into three deposits, one to investments savings, one to your checking account for personal use on a daily basis, and one to an emergency account you can tap into so you don't have to tap into your investment savings.

I would go that route if I was looking to invest!

But maybe the days of nabbing a killer STR investment are coming to a close.If the property taxes are not changed, then you still have to deal with a shrinking pool of areas that allow STRs.

Until you build trust with a team or contact you should view every property esp a MF that is a larger investment.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Many people choose NOT to have this, because the administrator will then vet every investment you make to ensure you do not invalidate your IRA.Invalidating your IRA means that you've done a prohibited transaction and the entire account is then deemed as distributed to you.If you don't want checkbook control, then I recommend a plan administrator such as Equity Trust - www.trustetc.comIf you are sure that you're aware of all the rules around prohibited transactions and disqualified people (who you can and can't do business with), then a plan administrator like Sense Financial would be a good place to start talking.