Re: Ask tommy2 about Real Estate
Tommy,
I live in the bay area, but I'm thinking of investing in real estate in North Carolina because it seems like it's a growing market and there are plenty of positive cash flow opportunities.
Specifically, I'm looking at University condos and townhomes. Management fees look to be around 8%. For a first time investor (I will continue to RENT an apartment for myself here in the bay area) does this sound like a prudent plan to invest so far from home?
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