First steps as an out of country investor
Hi Everybody,
I am Nate, and this is my first forum post.
I have been investing in stocks for a few years now, and I would like to start investing in real estate as well. I currently spend most of the year living in Israel but also spend some time in NY. Therefore, I plan to buy properties remotely. My goal in real estate investing is to "buy and hold" SFRs and Multi-Families, so that I can earn a consistent, passive cashflow, allowing me to quit my day job if I wanted to.
Thus, my first item for consideration is to choose the right city and state to start purchasing investment properties.
My requirements:
1. Landlord friendly state - Average eviction of under two months.
2. Good ROI - not hard to find properties complying with the 1% rule
3. Growing population
4. Multiple Fortune 500 companies in diverse industries.
What are your thoughts?
Do you know areas which follow these requirements?
Do you think there are any additional essential requirements I haven't listed?
Thanks for your help!