Rookie looking where to begin ?

[Thomas Corrar]

I live in New York but I’m looking to start investing in real estate out of state. The NY market is just so expensive that it feels hard to get started here. Starting in August I'm gonna be doing business in The Southern Massachusetts area. 

From listening to podcasts and doing some research, Hartford, CT seems like a hot market for investors. I’m interested in possibly buying a duplex or a single-family home as a rental. I currently have about $100k that I’m looking to invest and my goal would be to make my first purchase sometime by this fall. 

That said, investing out of state feels a little daunting. For those of you who have done it, where do you begin? How did you build your team (realtor, property manager, contractor) in a market where you don’t live?

Also curious if Hartford is still considered a good market or if there are other nearby cities in the Northeast that investors are targeting.

Any advice from people who have gone through this process would be really appreciated.

[Kerlous Tadres]

@Thomas Corrar, When you’re buying out of state, you want to check three things before you even look at listings: what similar places actually rent for (not what landlords “ask”), what taxes/insurance run on real deals, and how fast good property managers can place and keep solid tenants. If those three pencil out conservatively, the rest is just building the team and sticking to your numbers.