If you want to BRRRR or rehab or something fancy, that's fine but DON'T start out with that (unless it's a simpler variety of it rather than an extensive rehab on a shack) or do it before you have a good bit of knowledge on how to do it.

There's also a wide variety of A-D properties, so you can find something depending on what exactly you are looking for.I guess the main point i am trying to make, is don't just jump to the first spot with low prices because you are priced out of NYC, sometimes there's reasons as to why these towns are priced extremely low, so just some food for thought.If you have any questions about the capital region area, let me know!

The cap rate is your key initial indicator for "profit" but when you evaluate properties, bear in mind that many times the current expenses are inaccurate for a variety of reasons, the most likely of which is deferred maintenance which will come back to bite you later. 

These regions offer a variety of opportunities, and many investors have found success there. 

It's a bit clunky and doesn't have a variety of features, but if you're looking for something basic to cover a few units that will simply collect rent, post recurring rent/fee charges, etc., it's free!

That is why most states require a real estate license, even for wholesaling.That being said, wholesaling is a very general term and covers a variety of different business models.

These are just a few examples of the myriad features that can contribute to a property's exclusivity and, consequently, its price tag, making it an enticing option for those seeking a luxurious lifestyle.Market Demand and Trends:Real estate markets are incredibly dynamic, constantly evolving, and shaped by a variety of trends.

In my personal experience I started a property management company to be able to offer a wide variety of options when a displaced family reaches out via their relocation specialist.

Flipping houses, where you buy a property, renovate it, and sell it for a higher price, is an example of a short-term strategy.Both long-term and short-term strategies have their advantages and risks.Long-term strategies offer stability and the potential for steady income, while short-term strategies can provide quick profits but may involve higher risks and more work.The key is to choose the strategy that aligns with your goals and risk tolerance as a real estate investor.5.2 Portfolio DiversificationWhen you hear the word "portfolio," you might think of an artist's collection of paintings.But in the world of finance and investing, a portfolio is a collection of different investments you own, like stocks, bonds, or real estate properties.Diversification is like having a variety of colors in your art palette.Imagine you have a basket of apples.

There seems to be large variety of options looking at the whole Metro Detroit area and I am having a difficult time finding a good place to start and focus.