Well, expect the Reddit real estate investing board to push you toward real estate. When you’re a hammer, every problem is a nail. Of course they like real estate!
Ask the question on a retire early board, you’re going to get different response. Put your money in index funds, sit back, watch it grow, no work involved. It works. It might be the better option in today’s environment. And we have a lot of real estate people on these forums. I’m not sure anyone here has been thrilled with the idea of buying this past year. It’s tough!
Now, I’m a pretty conservative real estate investor. I don’t go after C area properties. I’m not interested in section 8. I don’t want 20 doors at 550/month rent. Do you know those kinds of tenants?? I don’t want to deal with that. No thanks.
Reading your post again, and the reddit thread, you want to be a passive, hands off, out of market investor. You’re probably going to need a handful of places and pay a manager to make it worthwhile. Portfolio sales of high yield properties exist. I get sent emails and texts all the time of places that are cheap, but rented. Maybe you should jump at one of those. I had one sent to me, portfolio sale, 22 doors on like 9 units. Right around 265k TOTAL for those places. Gross rents over 10k/month. On paper? This kills it! Maybe that is what you should go for. It’s not my cup of tea. There’s going to be a lot of deferred maintenance, headache tenants, etc. but if you pass that all off and outsource everything, that might work.
I’m not sure how I got on some of these geographical lists, but Youngstown, OH and Memphis, TN are two that I get a lot with high yield investments. Don’t ask me about the areas though, I don’t invest there.
Sent from my iPhone using Tapatalk