All Forum Posts by: Nathan Murith

Welcome to BiggerPockets, @Amber Straub, and congratulations on doing the work and the success thus far!

I like Scott’s reply very much and would agree with it. I also actually recently wrote a blog post on precisely this: what to do with $50k in real estate. If your interested, let me know.

We pretty much exclusively do out-of-state investing and I am happy to share any and all mistakes, successes, resources, tools, tips, tricks. If you want to chat more, I’d be happy to, please do not hesitate to reach out, connect, and DM me.

@Chris Sprinz, @Rebecca Devlin

While we do not invest in Elmira ourselves, we know a few people who do. A few people in this thread offered to help, but if you want me to connect you with the people we know, please do not hesitate to reach out.

@Jake Pickett welcome to BiggerPockets and congratulations on doing the work!

We specialize in out-of-state residential long-term investment. Happy to share all the mistakes, successes, tools, tips, tricks, and resources we have.

WRT the market, it really all depends on what you are looking for in your investments. Cash flow, appreciation, a mix of both?

As Jonathan says, the Midwest can be good for cash flow. That is where we invest. I know a bunch of people of invest in the states you mention and are happy and successful. But again, I would keep in mind that market selection should also be made based on what is important to you (things like: population, demographics, industries, weather, major sports team, population trends, etc).

In any case, if you want to chat more about this, happy to help. Do not hesitate to reach out, connect, and DM me.

@George Red, Justin said it best in his post!

Welcome @Mirella Pervenecki

+1 to what Richard said. Network Network Network, and Network some more!

I also like the wholesale content Jamil Damji (wholesale hotline) puts out there and would recommend you follow on YouTube and social.

Hey @Danny Siegel, congratulations!

Happy to share who we work with, as well as who not to work with 😝 we’ve had to change a few times… please do not hesitate to reach out and DM

Hey @Bryce Sanders, welcome!

Welcome to BiggerPockets and congratulations on doing the work.

We do not invest in Lafayette, but love to talk real estate and connect with good people.

Happy to help and share any successes, failures, and our preferred tools tips tricks reads and resources. 

Please not hesitate to reach out, connect, and DM me if you want to chat more.

@Mohammed Nasser!

Unfortunately, not that I am aware of. We have a similar situation and there no tax loopholes that I was able to find.

In fact, the 1031 calls out “like for like” exchange, that’s the whole point.

Sorry, no good news here.

@Zlatan Varmaz congratulations!

I personally like to have an inspection done to get the full picture and address any and all issues, inspections aren't that expensive. That said, if you're working with a quality general contractor, they may be able to give you a good assessment of what needs done.

Happy to share the inspectors we use and like. Don't hesitate to reach out.

Hey @Anna M. Xiques, welcome to BiggerPockets and congratulations on reaching out and doing the work!

While we personally do not invest in upstate NY, we have a few friends who do and they are pretty happy!

If you are looking to go out of state, there are plenty of places to go and look. We invest out of state ourselves and am happy to share all the tools, tips, tricks, mistakes, and successes. We also set aside a few hours each week to help others and give back. Nothing to sell, just helping to give back like we wish we had when we got started.

In any case, if you want an intro to upstate NY investors or want to chat about out of state investing, do not hesitate to reach out, connect and DM me.