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All Forum Posts by: Maximilian Kislevitz

Maximilian Kislevitz has started 1 posts and replied 2 times.

Post: Starting with a remote investment.

Maximilian KislevitzPosted
  • New York, NY
  • Posts 2
  • Votes 0

Genuinely appreciate all the thoughtful advice. My preference is to buy local. But it seems like $500K+ the cost of entry. And a property at that price-point would likely need a significant rehab. 

Still have some work to do in honing in on a strategy and market. All good pointers to help me do so.  

Post: Starting with a remote investment.

Maximilian KislevitzPosted
  • New York, NY
  • Posts 2
  • Votes 0

Hello! Discovered BP about a month ago and have since listened to about 30 podcasts. Figured it was about time I started engaging with the community. I have about 1000 questions. But figured I'd start with my most pressing. 

Is it wise to invest for the very first time out of state? 

I live in Los Angeles where properties are prohibitively expensive, even if I were to use an FHA loan. Speculating here. But suspect a property in Denver or Austin might have a higher chance of appreciating. And could pick up a property for far less.

Really appreciate any thoughts and / or anecdotal examples.