Investing remotely out of state
Hey, My name is Jonathan Rivera & I’m from NJ. Im currently a semi truck driver, I’m 32 years old & I want to connect with investors who invest remotely or even here if it makes sense . I know that NJ is pretty expensive & isn’t landlord friendly for the most part . My goal here is to able to come up with game plan, learn & implement information that is given..
Any thoughts on what I will need to invest remotely. What resources i will need in my corner to be able to invest remotely? My plan is to find discounted properties & do the BRRR strategy & potentially have section 8 tenants.
Most Popular Reply
Identify a strategy, choose a market that aligns with it, and establish your Core 4.
The main challenge I observed is that individuals often lack a clear end goal or strategy, or they select a market that doesn't align with it.
Your real estate agent, who plays a key role in uncovering good deals is likely to have some great connections with local property managers, contractors, and lenders. They can hook you up with these contacts, making your real estate journey smoother.
Since you're looking to cash flow, I'd suggest you take a closer look at Cleveland's Section 8 market, its known for reliable government-backed payments and high tenant demand. I'd be happy to connect if you wish to know more.