Newbie looking to invest out of area

4 Replies

Hi everyone. Newbie to REI and trying to learn as much as possible before making my first deal before the end of 2018. I recently found BP by speaking to @CoryBinsfield and I've been reading as much as possible on BP and listening to the pods, they are a great resource.

I currently reside in the Washington, DC area and have my own boutique public affairs firm. REI is something that I've always been interested in and am now seriously looking to invest out of state, possibly in FL (my home state), or other areas around the country such as KC, Denver, UT, Houston, Memphis and Nashville.

My goals to start are to close on my first deal within the next 4 months, then to add a property per year for the next 5 years. Then we'll see from there...

I'd like to start with multi-families, but it is a daunting process to learn what you need to know as well as to figure out where it makes sense to invest as a first-time long distance landlord. 

Anyways, thanks in advance to all the useful info on this site. 

-Ryan

and that is @Cory Binsfield

Welcome to the BiggerPockets family @Ryan P. ! You came to the right place to learn all about real estate investing! Here are some recommendations for you:

Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meet

Set up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alerts

Read Beginner’s Guide: http://www.biggerpockets.com/real-estate-investing

Ryan, check out this recent post. It offers a lot of ideas for you. 

https://www.biggerpockets.com/forums/223/topics/554291-how-i-built-a-portfolio-of-35-rentals-and-10k-monthly-cash-flow

@Marlon Fong thanks

@Cory Binsfield thanks. i read that article, very good and inspiring to say the least

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