Starting out with 75k saved up for investments

[Jacob Ocampo]

Hi Everyone,

Like many others who have joined here, I am tired of my 9-5 job and wish to someday be financially free. I had a vacation rental business but failed due to numerous issues with the property and renters. Here I am again trying but with more knowledge and hopefully some support from everyone in here.

In the current market here in south NJ, it is difficult to find a single family home that is within my budget. I have been reading about foreclosures, tax liens, but I find it difficult to understand how I can acquire them. Hoping to get some advice! Thanks in advance!

[Najma Osman]

Hi @Jacob Ocampo, 

I recommend connecting with a good investor-friendly agent in the market you plan to invest in. They should be able to help you find great deals, ideally ones that are listed off-market. 

It's best to start investing locally but if the numbers are not working where you live look at investing in other markets. A good place to start would be markets in the Midwest with lots of population growth and job opportunities. I would recommend checking out Columbus OH and Cleveland OH. I invest locally in Columbus and I think we have a great hybrid market of cashflow and appreciation with affordable price points.