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Updated over 1 year ago,

User Stats

5
Posts
15
Votes
Tsering Lhamo
Pro Member
15
Votes |
5
Posts

Suggestions for starting Out of state for a beginner

Tsering Lhamo
Pro Member
Posted

Hi all, 

Excited to write my first post..aspiring small and mighty real estate investor ..hoping for many to follow!! 

I live in New York City so real estate is expensive and hard to scale here. I have a primary home in NYC, (can get up to 200k HELOC at least) and looking to start my rental portfolio out of state. I have access to 100k in cash for deployment with excellent credit. Can save like $4000 a month from my job. I want to have cash flow (not depend wholly on appreciation with crossed fingers) and have a good and safe start so that I can start building my portfolio efficiently . I want to use my capital and leverage judiciously to help make the most of it for longer runway.
Just finished reading “Remote real estate investing “ by David Greene !!

Any suggestions on which market to start with..some places I am thinking of are

-Dallas- Texas ,Orlando, Jacksonville, Tampa -Florida,Las Vegas (all fancy names? Maybe there are less fancy and  better opportunities..let me know 😅

Thinking of starting with simple cash flow rentals and then maybe vacation rentals or short term rentals after I am more confident and feel settled in real estate investing.

Agents and mentors welcome to advise . Thank you!  

  • Tsering Lhamo
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