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Updated over 4 years ago on . Most recent reply

User Stats

20
Posts
7
Votes
Mark Sinclair
  • Real Estate Agent
  • New Jersey
7
Votes |
20
Posts

Brand New to REI- Looking into out of state

Mark Sinclair
  • Real Estate Agent
  • New Jersey
Posted

Hey BP Community!

Brand new to real estate investing and I have been taking in as much information as I possibly can. Making my plan now I want to take significant action steps towards my first investment property and I am looking into the out of state option. My primary residence will be turned into a rental unit when the time comes and at that point I would love to have 2 rental units at that point (my original primary residence and a purchased buy and hold looking to use the BRRRR method). Looking for any insight to starting out with out of state investing. Any tips that are good to keep in mind when starting out? Open to different options and wanted to see if any more experienced out of state investors had any insight for a newbie. Thanks!

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