Newbie question on Sourcing

3 Replies

Hi! I’m pretty new to RE. I’ve been reading and saving for a few years. But I’m ready to jump in. I libe near Philadelphia with a very Full-time job and two kids I have a 200k line approved on my primary home ( it’s worth 450 easily and I own it outright at the moment) I’ve been to a few REIA meetups and met some local wholesalers and brokers, etc. My plan is to buy rentals localLY for cashflow and geT out of my 9-5 in 5 yEARS (ABOUT) My question is this: What do more experienced folks think is the best place to look generally to buy. I’ve met some agents that specialize in rental property here in Philly and I’ve met a ton of wholesalers, a few of whom seem legit. I habe also researched sheriff sales - but think it will talke more tome than I have What is the best path and what are the pluses and minuses? Thanks for any advice.

I invest out of state. I travel there , see the property, purchase and trust my property management. I fly back once or twice a year to look things over and that is a tax write off.  I can afford much more property that way as the cost of living where i am is High.

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