BOUGHT MY FIRST INVESTMENT PROPERTY IN LI, NY.. WHATS NEXT?

BOUGHT MY FIRST INVESTMENT PROPERTY IN LI, NY.. WHATS NEXT?

New to Real Estate · Deer Park, NY · Member since 2015 · 2 posts · 1 vote

Hi, still a newbie. recently bought my first investment property. Now I would like to start investing out of state (thinking of FL,PA) but dont know what to do next? should I open a LLC or corporation? or do I buy the second property as a vacation property?? also how do I find an accountant that deals with RE investors?

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  • Investor · Washington, D.C · Member since 2019 · 113 posts · 93 votes
    4y

    Kenica,

    Here are my first steps to take in order to invest out of state.

    1. Identify a promising market that fits your investment goals.

    2. Build your team. Start by finding an agent, property manager, contractor, lender that will work in that market.

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