I live in the western suburbs of Chicago and home prices and taxes make make the BRRR strategy unlikely in my backyard, though it is possible in some pockets of the city proper.

Hi BP community.  I'm looking to connect with like minded property people here in WA and to build a new mastermind group of people who can become friends, learn/grow and maybe even one day invest with each other.  Ple...

To answer the "purchase price to rent" ratio question... older homes (50s-70s, early 80s) in older neighborhoods or not in subdivisions, older townhouses and condos, houses under distress sale conditions (estate, pre-foreclosure), outside the main high-$ areas (on the periphery, so 20+ minutes from where $250K-$300K "starter" homes are being built)... what I am familiar with: northern Harnett, western Johnston counties.

@Ramon CastilloWelcome.Check out the free Bigger Pockets Real Estate Guide http://www.biggerpockets.com/real-estate-investingLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.In western PA I have a buddy who is buying SFR from the County Tax Repository sales he gets them for $500-2,500 eachGood LuckPaul

I am still working on that here in Western NC.

Hi,I am new to BP and to the real-estate investor world. my only (horrible) experience in real estate was to buy my personal house at peak of 2005. Since then it is yet to recover. I am a newbie and trying to possibly...

You should join us for the next Western New York REI meetup.

First Western Federal Savings and North American Savings Bank are the two leaders in this field.The use of debt-financing creates a tax liability for the IRA.  

Currently i own 3 homes, 2 in western Ma and one in upstate New York, but only rent the two Mass ones.  

Location Western NY- Niagara County.