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Updated over 5 years ago on . Most recent reply

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Leonel Vanegas
  • New to Real Estate
  • long island, NY
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RE investing beginners

Leonel Vanegas
  • New to Real Estate
  • long island, NY
Posted

Advice for a 21 yr old in starting out with 60k cash

Is it smarter to invest out of my state which is New York ?

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Brock Mogensen
  • Real Estate Syndicator
  • Milwaukee, WI
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Brock Mogensen
  • Real Estate Syndicator
  • Milwaukee, WI
Replied

Before investing in a deal, invest in your REI education. You can obtain most of it for free through books, podcasts, and networking events. Then define your deal criteria. Once you have the knowledge base built up and criteria defined, you will feel much more confident on pulling the trigger on a deal. If you do decide to invest out of state I would put lots of time into finding a good PM.

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