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Regarding RE investing - how do you guys feel about buying properties out of state and having them managed remotely and such?
My problem is that while I make a nice 6 figure salary, real estate in my area is still 10x what I make and essentially untouchable for beginner investors. I'd need $75k minimum for a 5% down payment in most cases (median price is $1,300,000) and the mortgage would be more than you can rent it for unless you put closer to 20% down - at which point you're talking $200,000 down payments.
If I could snag 4 properties for $25k each that would net me an extra $500 per month over the mortgage payments, that'd be a sweet deal right now.
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