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Updated over 5 years ago on . Most recent reply

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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!

Most Popular Reply

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399
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260
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Kyle Mitchell
  • Multifamily Syndicator
  • Greater Los Angeles Area
260
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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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