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Updated about 3 years ago on . Most recent reply

User Stats

231
Posts
188
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Thomas O'Donnell
  • Rental Property Investor
  • Columbus, OH
188
Votes |
231
Posts

Real Estate Newbie Looking For Help!

Thomas O'Donnell
  • Rental Property Investor
  • Columbus, OH
Posted

What's up BiggerPockets community! New Pro member here! I have spent the last 6 months on educating myself about real estate investing, with an emphasis on multifamily rental properties. I currently live in Santa Clara, CA where it is way too expensive for me to carry out my original plan of house-hacking with an FHA loan. I am now looking instead to purchase a multifamily property out of state in a market where I can balance cash flow with appreciation. I have recently been looking at Texas, Florida, Georgia and Arizona as options. My goal for 2022 is to buy my first out-of-state multifamily property 4 units or less, with a mostly cosmetic rehab. I am hoping to get some experienced input from anyone who is invested in these areas or knows a lot about them. I am a 23 year old who has the education, drive and motivation to make this life-changing first step in wealth building. Any help is greatly appreciated! Thank you!

Most Popular Reply

User Stats

206
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944
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David Ginn
  • Real Estate Consultant
  • Houston, TX
944
Votes |
206
Posts
David Ginn
  • Real Estate Consultant
  • Houston, TX
Replied

Hi @Thomas O'Donnell

Yes, California's extremely expensive. I've seen a lot of people move to the North Carolina area. We have a company that's in all of the states that you recommend. Here, we can help you find what it is. You need to invest in it. I agree with you that California's very expensive. The second thing is weren't, as all four states you mentioned, so we have the ability to find your properties in those four states. If you'd like more information then just shoot me a PM and we can chat.

Good Luck



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