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Updated almost 2 years ago on . Most recent reply

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Jared M Pilarski
28
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14
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looking to buy first rental property out of state!

Jared M Pilarski
Posted

Hello everyone! My wife and I are looking to start our real estate journey! Currently we live in Hawaii and I am an active duty Soldier, we have decided that investing in Hawaii is too much of a risk for us at the moment, but are looking at other markets that offer good value but also not a warzone. We would love to do multi family, but are also open to doing SFR as well. Our max price range is around 170k as we would have to put 20% down. Cash flow would be nice, but long term appreciation and with break even cash flow is even better! Any advice and leads are very much appreciated

Most Popular Reply

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1,242
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Doug Spence
  • Investor
  • San Diego, CA
975
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1,242
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Doug Spence
  • Investor
  • San Diego, CA
Replied

@Jared M Pilarski Don't let the haters tell you that you can't do it. I've built a real estate portfolio in 3 different states while active duty, and I use property management and I can assure you that its possible. Its all about finding the right people and building a team of rockstars to help you on your journey. There are plenty of agents, lender, and contractors out there that can help you and your family achieve your financial freedom goals. 

Have you read "Long Distance Real Estate Investing" by david greene? That book was huge for me and helped me accept the concept: "live where you want to live and invest where the numbers make sense". I have purchased 6 different investment properties sight-unseen and I don't regret a single purchase. 

Keep us updated on your journey and don't hesitate to reach out! Good luck!

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