I need help with the market and which areas are worth purchasing.

Purchase price: $68,000 Cash invested: $27,000 https://hotpads.com/533-wilson-st-baltimore-md-21217-1jm132x/pad What made you interested in investing in this type of deal?

Purchase price: $204,000 Cash invested: $8,000 Location, Location, Location!

Maybe you want to purchase your first property, scale your portfolio or become financially free.Many of us make New Year’s resolutions, but big changes are needed to make them a reality.

We do a lot of investing in Detroit but we do not purchase rentals below 75k there  they are so more likely to be  in war zones and get far less rent so the numbers dont work especially after you have had a water heater and furnace walk out the door a few times.

Unsuccessful Property Search: Hours spent on unsuccessful property searches, where no purchase is made, do not qualify.On-Call Periods: Instances where you are on-call but do not actively perform work do not count towards material participation.Meeting Requirements:Maintain Detailed Records: Keep accurate time logs and records documenting your involvement in material participation activities, supported by evidence such as emails and calendar appointments.Seek Professional Guidance: Collaborate with a qualified tax professional to ensure compliance with IRS regulations and to optimize your material participation strategy.I hope this high-level overview gives you insight into what activities matter and ones that do not.

Purchase Price: $585k with a $100k down payment on a 2.7% interest rate. 

We highly recommend though, having a local expert that you can run addresses by, to confirm the target property in on a good block before signing a purchase contract.

It's not all rainbows & unicorns, but the city has turned the corner on recovery and those that get in now, in the right areas, should ride a solid recovery wave to wealth.Now that we've covered that, read our standard copy & paste advice about rental investing below:)Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.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.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

This leaves me with single-family turnkey or BrRR opportunities, which I would most likely convert from primary residence to rental property six months after purchase.