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For $25K, look into crowdsourcing residential real estate funds. There are a handful of good ones out there. No property mgmt. or other headaches.
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^ agreed.
If you do not like that idea, parts of Ohio (Cuyahoga County) and Tennessee (Nashville area) are becoming good places to invest in at that price range. But don’t expect to get rich there, it’s a good start to building a portofolio.
And I hate to say it but parts of storm hit Florida are good. Get your name known in the area, make friends who will back you when you invest, and plan on keeping your money there for at least a decade. The community will rebound and you can reap rewards when it does.
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Look into opportunity zones, and REITs. There are sponsors out there who take your money and invest it for you. With more capital, DST is another way to invest hands off.
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Investment property loans require a minimum 25% down payment.
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Stillwater Oklahoma might be a good target market with 25 K to invest.
Oklahoma State has plentiful renters for you.
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I can confirm Florida, Texas, Michigan and Tennessee are all big on rental properties currently.
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Be careful in parts of Texas. Parts of Ol’ “Tey-has” are definitely a “who you know” rather than “how much money can you bring in”, and one can get fleeced.
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| There are 7 comments on this blog. |
