I am looking to invest, however, with a certainty of the best and safe approach in doing so. If anyone can share there ideas or give some insight on the matter that would be helpful.
The safest approach would be to gain knowledge and experience. Depending on your goal for REI, you'll need to brush up on certain things to help you.
- The Area you are wanting to invest
- Rehab costs (You're going to run into repairs at least)
- Working with agents, contractors, property managers, lenders, etc.
One way is to invest in in-state. It will help you gain the experience of the whole process to give you a feel if REI and property management is for you. House hacking is also a good way to start as well.
Thanks for your response. I was also leaning towards house hacking to begin my journey in real estate investing. I read a few articles on BB about one of the best methods to enter the investing spectrum of real estate if your new would be by house hacking. Once again thanks for your insight and be safe.