All Forum Posts by: Luis Garcia
Luis Garcia has started 1 posts and replied 2 times.
Post: Anyone doing or wanting to do out of state investing?
- Posts 2
- Votes 2
Quote from @Slim Geransar:
Hi, I live in NYC and obviously didn't make sense for me to invest here so I ended up buying in a state I have never visited (super scary to make that initial leap). I'm curious if there's anyone out there doing the same? What's your experience been like? For me, it's been amazing so far (apart from a few small issues).
I'm of the mind to invest where I visit. I live in Denver. We started investing in Tucson, AZ as my in-laws live there. Now when we go visit, we have the tax advantages and I meet with contractors and our real estate agent. It's a little tricky not being there, but glad we started.
Hello,
My daughter is relocating to Chicago middle of next year. She hasn't settled on where to live yet. She may live in an apartment first before deciding. I'm suggesting she consider a small multi family. She will be a first time home buyer. My wife and I recently started investing in Tucson.
I'd appreciate suggestions on areas to look for small multi family properties. Hoping to find a deal on a 2-3 unit that needs a little TLC.
Also, could we finance a small multifamily where my daughter purchases one unit and I purchase the other? This way she can take advantage of any first time homebuyer program. Are there considerations with doing it this way if we sell?
We'll go visit a couple times between February-April and move date in May(?). Hoping I can attend any investor events while there. Any insights to help us get connected would be appreciated.