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Updated over 7 years ago on . Most recent reply

User Stats

7
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Jordan Schwartz
  • Realtor
  • New York
0
Votes |
7
Posts

long distance investing

Jordan Schwartz
  • Realtor
  • New York
Posted

I am new to bigger pockets and to real estate investing. I live in NYC and bought my first rental property a little over 2 years ago in northern NJ. It is a 2 family home generating a little over 10% ROI over these last 2 1/2 years. I am pretty pleased with everything so far and I am ready for my next property. I am familiar with the BRRRR strategy but I would prefer to get out of the NY/NJ area and focus on long distance investing. I am curious to hear of some other success stories and would like some suggestions as to what markets/areas work. I am thinking that focusing on single family homes might be best for me since I am looking to buy properties in the $100k range and add around $50k of renovations. Any and all advice/suggestions are appreciated. Thank you.

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