OfflineI'm a big fan of Angie's Chapter. Just had to share that one, read through it last night. I'm in New York and the money just goes so quick, so early on I set my sights on other cities like New Orleans and Pittsburgh where the money goes much further! Glad to see that others made a model of this early on also.
Take care,
Chad.
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Read where this thread is posted under.
(that'd be Your Town, Your RE Profits)
Mark K.
Life Disclaimer: Past Failures are NOT indicative of Future Results.
Real Estate Glossary - Click Here for PDF
View My Everyday Blog - Click Here
Yeah, sorry. In Your Town, Your Real Estate Profits, a few of the student stories profiled students who were priced out of their home town (like I am, and sounds like you) so they became familiar with another town and put money there.
I'm looking at 50K 3-beds in Pittsburgh now that have 1100 rent potential. So for less than a quarter of the price I would have spent in New York, and for the same prices as ONE in New Orleans, I can pick up two properties with double rent income over my original criteria. I've never even been to Pittsburgh.
Chapter 8 in said book offers a good example of Angie, a student, doing the same.
Take care,
Chad.
--
It's possible.
Writing on http://thisbluecouch.com
It sound's like its got a lot of GREAT info i have to get that book
Click on the link that's at the top of almost every page.
You'll get that book and the other one for free!
Mark K.
Life Disclaimer: Past Failures are NOT indicative of Future Results.
Real Estate Glossary - Click Here for PDF
View My Everyday Blog - Click Here