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Kyle Bear
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Advice regarding out of state investing

Kyle Bear
Posted

Newbie to investing. Looking to invest out of state and looking for any advice.  My name is Kyle. 

Thanks!

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399
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Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
261
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399
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Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
Replied

@Kyle Bear Agree with Ali Boone, it depends on what kind of investing you are looking at.  I would suggest you educate yourself through books, podcasts, BP first to get an idea of the different niches and asset classes you can invest in.  Then select a market and make sure you visit the market to get a feel for it, purchasing sight unseen (like many turnkey investors do) is not a good idea.  In my opinion, turnkey is the least attractive option, you lose all of your equity on day 1 as the turnkey provider and others involved are taking that equity for themselves.  Best of luck!

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