Investor in Georgia Newbie sort of

[Dee Georgian]

From the Georgia area south of Atlanta and moving to New Jersey or New York area close to Manhattan with a transfer. Listened to the BiggerPockets podcasts which are very informative which led me to look for a property to rent for some time now where the good ones we get outbid or cash buyers. Looking at being a buy n hold investor for the long term to build up a retirement portfolio.

I would like to rent the property I have in Georgia again and also like to look to purchase another rental, but heard it is much harder in the NY area to do so due to high cost and rental laws. So thoughts on long distance land lording or are there really affordable places in the surrounding Manhattan New York area for the buy n hold investor.

Thank you kindly

Dee

[Paul Timmins]

@Dee Georgian

Welcome. 

Locate and attend 3 different local REIA club meetings great place to meet people gather resources and info. Here you will meet wholesalers who provide deals and rehabbers (cash buyers). Find them through Google and meetup.com

Two Great reads, I bought both J. Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbook

Consider checking out HUD homes for small multi's owner occupied gets first crack.

You might consider Niche or Specialized Housing like student housing. Rents can be 2-4 times more. Remember you don't have to own a property to control it.

Download BP’s newest book here some good due diligence in Chapter 10. Real Estate Rewind Starting over

http://www.biggerpockets.com/files/user/brandonatbp/file/real-estate-rewind-a-biggerpockets-community-book

Good Luck

Paul