Taking a big leap with real estate investing
Hi guys,
I currently live in NYC and looking to move away from here in order to build wealth elsewhere through real estate. I am looking to move to a specific state/city and house hack my first property. Then, invest in that market and purchase other properties as buy/hold strategy (cash flow). I hope to be making $5,000 per month within a few years through real estate, so I would like to a market that has great cash flow, strong economy, is livable, and is fun place to be in!
Also, I have Master's degree, so I am willing to take any decent job while I do this or become realtor in that city.
Question
1. What are your thoughts on this strategy and does anyone have experience trying this?
2. Any hot markets you would strongly recommend for cash flow and that is livable for myself that I can invest in and also attain a job ?
3. I was looking at these states North carolina, Florida, Georgia, Tennessee, Texas, Arizona, Indiana, Colorado, Ohio, and Idaho.
Any advice would be appreciated!