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Updated almost 5 years ago on . Most recent reply

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Pedro Padilla
  • Contractor
  • Gardena, CA
1
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Noob investor here need advice

Pedro Padilla
  • Contractor
  • Gardena, CA
Posted

Idk how dumb it might sound. But since i don’t have a lot of money for a pricey home, I wanted to invest OOS where I can afford something. But since I’ve never done this before, idk if that would be the right move for me. Or if it’s okay? Yeah just need advice or a nudge in the right direction about this. Thanks in advance

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Mikael Winkler
  • Rental Property Investor
  • Columbus, OH
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Mikael Winkler
  • Rental Property Investor
  • Columbus, OH
Replied

I would agree with the above. Building a great team is key anyways, but especially OOS. I would definitely start with David Greene’s book at this point. I’ve personally not invested OOS as of yet, but have heard that mentioned by several of those who have. Once you’ve gone through the book, you’ll probably have a better understanding of how to put together that team. From there, you can then focus on strategy.

I also agree that central Ohio is a great market. Also biased, as I’m born and raised here. But, with a rising population and job growth (with industry diversity), there is a lot of opportunity for cashflow and appreciation through value-add projects.

Good luck, and if you have any questions, you certainly have plenty of people to assist!

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