Looking to invest OOS
Im pretty new to the real estate investment game, im a licensed contractor in nyc and actually closing on my first flip next month, i also have a duplex in bought in 2015 which was a great investment paid 450k and its appraised at 650 just a short while later and postive 1200 cahsflow per month. Now with nyc real estate the way it is you have buildings, 6 families for 3,000,000 and only 3% cap i need to look out of state. I have read look at markets where you have family or friends but my entire family and friends all live in NYC.
I also have read look into markets such as memphis and OH. i was wondering where you guys are investing for 4plex or above or if you guys have any guidance for someone in the 500k budget, and if there are any brokers that have any good listings oos feel free to contact me . thanks again everyone