Advice/guidance on creative investment tactics
I am 22 years old and I am an electrical apprentice in North Dakota and I make really good money for my age and I have purchased my first house that I have updated and I am living in and I am really interested in house hacking but there is just not much opportunity where I live evey multifamily house gets bought that week site unseen by rich investors that buy it with cash so I was just wondering if I should look to get more creative with value add on the properties that are available or I should learn to invest remotely which I have thought long about but I just love the idea of investing close because I can save a lot of money doing most of the remodels myself and start doing the brr strategy I would love to move where there is more opportunity but it is just hard because Ik I won’t make half the money I make now I am really good at saving money and will be getting a big raise in April to put more money away just tryna get some advice and Maby I am missing some ideas thanks in advance
Most Popular Reply
Whats up man. The #1 thing I would suggest is connect with other investors in your area. Get out to REI events. Connect with everyone, wholesalers, agents, investors, etc.. Let them know you are looking for deals. You will eventually come across a deal. Value add multi is a great idea as well but, I dont think necessary yet.