![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2837571/small_1696905426-avatar-robertof34.jpg?twic=v1/output=image&v=2)
6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3065956/small_1720119431-avatar-camerona104.jpg?twic=v1/output=image&v=2)
8 July 2024 | 3 replies
Hey yall I’m 20 years old currently serving in the U.S.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/478606/small_1621478466-avatar-kylea13.jpg?twic=v1/output=image&v=2)
8 July 2024 | 4 replies
The current owner of the property has the property under land contract with 4 remaining years on contract.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2845572/small_1719933504-avatar-gavinw51.jpg?twic=v1/output=image&v=2)
7 July 2024 | 5 replies
Some other great resources I recommend as a real estate investor myself are: "Rich Dad Poor Dad" by Robert Kiyosaki, REtipster (www.retipster.com), and Rental Income Podcast with Dan Lane.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2970415/small_1720216418-avatar-rajahs3.jpg?twic=v1/output=image&v=2)
5 July 2024 | 1 reply
We currently lease a property and house the men, but for the price and our program it is proving to be unsuitable.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2974369/small_1710597657-avatar-magdal4.jpg?twic=v1/output=image&v=2)
8 July 2024 | 6 replies
I’m a new investor, currently living and thinking of investing in Austin.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3066011/small_1719963721-avatar-curtisd71.jpg?twic=v1/output=image&v=2)
8 July 2024 | 8 replies
Another benefit is you can enter the market sooner with a lower cost of entry( down payments 10-15%), helping you scale and make real estate a full-time income source sooner.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1846703/small_1621516078-avatar-keonted.jpg?twic=v1/output=image&v=2)
8 July 2024 | 5 replies
It's currently some houses in my local market for sale that I want to run through the different calculators.Thanks again and maybe we can work together!
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3025682/small_1715978638-avatar-shivanis14.jpg?twic=v1/output=image&v=2)
8 July 2024 | 7 replies
I'm currently helping two clients find a starter house in Bergen County for the same price $500k-$640k Max.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2499300/small_1658251114-avatar-ambers152.jpg?twic=v1/output=image&v=2)
7 July 2024 | 11 replies
Currently, I have tenants paying via Venmo/Zelle.