All Forum Posts by: Yinglu Wang

@Trevor Ewen

Great late night food for thought.

I think in general not being able to invest in a local market is my biggest concern, where I could end up overpaying service providers with all the profit.

You've got really good point on understanding "typical unit in a neighborhood" and finding "working class neighborhood". Super useful!

Do you have recommendation on local investment meet ups? With this shut down in place, i would assume there're still online meet ups happening?

Thank you so much!

@Nathan G.

Awesome recommendation! Thank you!

Hello everyone,

I currently work / live in New York City area. My goal is to purchase a duplex for rental investment in the next 12-18 months. Given the market I'm in, if I want to start rental investment I will have to invest in out-of-date properties. I wanted to seek advice before I go further down to the path.

1. What are the factors should I consider when choosing properties in a state / market I'm not living in?

2. Generally speaking, is rental investment still a good option when the property is out of state?

3. What are the challenges should I expect if I don't live in the property?

4. When I'm not very familiar with a neighborhood, what's the best way to find comps?

Thanks!

Hello everyone,

I currently work / live in New York City area. My goal is to purchase a duplex for rental investment in the next 12-18 months. Given the market I'm in, if I want to start rental investment I will have to invest in out-of-date properties. I wanted to seek advice before I go further down to the path.

1. What are the factors should I consider when choosing properties in a state / market I'm not living in?

2. Generally speaking, is rental investment still a good option when the property is out of state?

3. What are the challenges should I expect if I don't live in the property?

4. When I'm not very familiar with a neighborhood, what's the best way to find comps?

Thanks!