Updated over 3 years ago on . Most recent reply
Long Distance Beginner Question
Hi All,
I'm just starting out this journey with a friend of mine who is a realtor. We have money lined up and about 140k to start between the two of us. Currently in Los Angeles and that kind of cash doesn't go far. My first question is, how do you look for a market that you are not living in? What factors go into that decision? Thoughts on where we should start? We want to flip about 3 or 4 a year plus buy and hold 1 or 2 duplexes. I'm excited to be here and learn.
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- Real Estate Broker
- Cody, WY
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Welcome to the BiggerPockets forums!
Read "Long-Distance Real Estate Investing" by David Greene. That will answer 80% of your questions and give you plenty of actionable information to start looking.
I recommend you take some time to read the book, narrow in on a particular market, start watching that market, and analyze properties as they appear. The markets are still cooling, so Spring of 2023 may be a better time to get started.
- Nathan Gesner
