Brand New to Real Estate Investing
Hello everyone!
I’m brand new to the real estate investing world and I’m excited to be here. As I prepare to retire from the military within the next five years, I’m looking to find something that will ensure a smooth transition. I’m still deciding what’s my lane (what specific niche I want to pursue) due to my unpredictable moves. Right now, I'm looking into “out of state investing” or “syndications” any advice or guidance will be greatly appreciated.
Thank you!
Most Popular Reply
@Nellie Black Hi Nellie! Thank you for your service! From all that I read on the forums Kansas City and the larger cities in Ohio provide affordable markets for OOS investors to buy a nice beginning portfolio that cash flows well.
Anywhere you choose to invest start building your team. Use the BiggerPockets directory to find investor friendly realtors and go from there. Decide what you're looking for a SFH or a small multi family. The income from multi family leases counts toward your income needed to qualify for the mortgage.
B-to C buildings typically cash flow the best. A good realtor will be able to help you choose property in a decent neighborhood. They can refer you to a good property manager. Interview the property manager. Make sure you feel comfortable with them. If you don’t find another. Ask for referrals on the forums.
Best of luck and hopefully more people answer.