Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago on . Most recent reply

Account Closed
5
Votes |
44
Posts

To invest out of state single or muti family with 70k cash

Account Closed
Posted

Hello everyone.

I have around 70k cash, im located in North jersey where property taxes doesnt help for cash flow. I gave up NJ and now looking at other markets. I havent found anything in Philadelphia where things are cheaper.

My questions are. Should i invest out of state putting down 20% on a duplex ? Cash flow goals 300 to 400 after 5% capex 5% repairs 5% vacancy.

Or should i put 20% down on a duplex in Philadelphia where with 20% down after living in the place ( house hack 1 yr) cash flow 300 to 400? I want to make at least 8% cocr

I have no debt 789 credit score and ready to go. Philadelphia is close by me 2 hr drive but if i cant find anything maybe investing out of state is worth it. If i can cash flow that 300 to 400 with a duplex. Would this be a smart move or should i put that 20% down on a duplex to house hack instead of doing the rental?

Really need your help, also any recommendations for which areas would be idea for this

Loading replies...