Yet another newbie with a rental question...

[realnew]

Springfield MA is pretty bad.  20 or so murders last year lots of section 8, city is almost bankrupt.  Used to be a great city, too bad.

good grief, 20 last year??? !! We get that many in 1-2 months.

[kdhastedt]

Hey Jay. I'm in Pittsfield,Ma. Where are you? I'm also a newbie in this field. So far, a lot of reading but no rentals. I'm thinking of getting a property management company on board from the beginning. You have to assemble your team first....( actually you have educate youself first). Read " The Millionare Real Estate Investor" by Gary Keller. This site is awesome also. Don't worry about the deals. From what I've read and seen, As you get more educated in what to look for you'll spot what some others miss. I've heard that you may have to look at 100 properties just to find one where the numbers work. Be patient Danielson!!!


                                 Mike

I'm originally from Monterey (the "suburbs" of Great Barrington)!

Keith

[LIGHTBEING]

I focus on appreciation and cashflow.  I won't invest in an area that is flat or in a downswing just to meet my cashflow objectives.  Cashflow is great but focusing on CF and appreciation will make your portfolio and wealth grow alot faster.