New to investing and looking for advice
1 Reply
Lilah Johnson
posted 22 days ago
Hello all -
I'm a registered nurse based in California looking to start investing in out-of-state multi-family properties, hopefully within the next year. My goal is to hopefully own at least 25-30 doors in the next 3-5 years, each cash flowing at least 400. Since this is all new to me, I am doing my due diligence by reading all of the books I can possibly get my hands on, absorbing all the Youtube videos I can watch, podcasts, etc. I think I've narrowed down that I'd like to invest in Ohio.
I also don't know how this would work if I've never been to Ohio. Are there particular zip codes I should avoid buying in? Secondly, Is there a way to buy property remotely without ever having stepped foot in the property or would I need to prepare to request time off to be present during the process?
Really, I have a thousand questions, or so it seems. Any advice anyone could give me would be greatly appreciated. Thanks in advance.
Dmitriy Fomichenko
Solo 401k Expert from Anaheim Hills, CA
replied 22 days ago
@Lilah Johnson Welcome to BP and congratulations on your decision to start your REI journey!