I'm new to investing, having a hard time finding deals where I am in Long Island, NY.
Is it a good idea to BRRRR out of state? If so, how do I start?
Hi @James Devoe ,
This really comes down to your business plan in my opinion. A few questions to ask yourself:
- What are your timelines?
- How "active" vs "passive" do you wish to be?
Food for thought, if we bough in NYC, we all would have made a boat load doing nothing and making it on appreciation. I am a big believer in appreciation vs finding a good cash flow property.
You may want to consider areas such as Cape Cod, MA or nearby states are there are plenty of opportunities not too far from you.
Thank you @Joe Marini, that's good advice. I'll definitely look into that area.
I see in your profile that you're from MA, do you know of any Duplex's in the area? Preferably a fixer upper?
@James Devoe , no problem!
Yes, I am definitely happy to assist you further with this. I would love to bounce ideas back and forth further with you and then try to align a property with your investment goals in mind.
Please contact me directly and let's set up a phone call or zoom!
@Mason Hickman @Joe Marini I'm definitely interested if you know of a few deals. We'll keep in touch.