Updated 7 months ago on . Most recent reply
Looking to invest. Not very many options locally.
I have been house hacking for the last 5 years on a duplex that I bought in 2021. My Duplex is currently cash flowing while I live in it. I am looking to expand my portfolio and purchase another property that could cash flow. Where I have hit a brick wall is, there aren't any investment opportunities locally (within one hour driving from me). My question is, should I explore potential investments elsewhere, or is it not worth the hassle? Should I be patient and wait for an investment opportunity near me to open up before I attempt to expand my portfolio? For context, I am 25 years old and feel that I am falling behind waiting for the perfect deal. Thanks in advance.
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#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
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#2 Out of State Investing Contributor
- Flipper/Rehabber
- Pittsburgh
just to challenge you a little... how can there not be any opportunities in a major market like that?
how many properties have you looked at? how many offers have you made? how many meetups are going to? what are you doing to network? are you looking on and off market? if you're not looking off market, what are you doing to start looking off market? can you house hack again if you look for something that breaks even? what if you looked at 5 properties every weekend for the next 25 weekends?