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Updated about 1 year ago on . Most recent reply
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Out of state search for a multi family home
Hello,
My name is Jasmin and I am new to the forum. I've been listening to Bigger Pockets for quit a while now and I am interested in building a real estate portfolio. I live in NY and prices here are extremely high so I am hoping to buy out of state. How do you recommend I go about finding the best areas to buy a property out of state? I am hoping to buy my first multi family home at a reasonable price. It will likely have to be a fixer upper. Thank you very much for considering my post.
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@Jasmin Garcia - If you haven't already I would recommend seeking loan pre-approval; once pre-approved you can identify your price range and back into a market. Knowing how far you are willing to go and also building a team to include a Realtor, Property Manager, Contractor, and Lender should be prioritized.
https://www.biggerpockets.com/blog/core-four-real-estate-tea...