Buying a Multi-Family in a Small Town to Get Started When You Can't Afford Cities?

Honestly, I think that not only should you consider this; but you shouldn't even consider moving up to the "big city" rental market one day. A property isn't better just because it's in a big city & it's often worse.

Earn enough off this to buy another property in the same area. Rinse, repeat.

In a big city, flippers, speculators & bigger investors with economy of scale drive up the prices of the kind of properties you might be interested in. Often you won't be able to find any that cash flow, so you're praying for further appreciation in an already inflated market.

On a fixed income, you should consider moving to a LCOL area yourself too.

/r/realestateinvesting Thread