Deciding what type of properties to invest in...

[Joey Shaw]

Hey guys,

I'm in Maine and having a tough time deciding where (and what) to start with. I'm a realtor so I can get into places (in Maine) pretty quickly. I've checked out single families, 2-6 units, out of state (mostly PA because it's the closest "landlord-friendly" state to me), and smaller commercial. I have been leaning towards SFR because I like the idea of the tenants paying for everything. I also lean that way because most of the multis in my price range in this state are built in the 1800s and I cringe at the thought of the upkeep on them. For out-of-state stuff, I have a hard time because I don't know which areas, contractors, and property managers are good and trustworthy.

Any suggestions of where to start would be very much appreciated. I've been stuck in limbo for years and I just need to take action. I'm hoping your feedback will help get me going in the right direction...

Thanks, in advance, for any guidance you can provide!

- Joey

[Eddie Gonnella]

Quote from @Joey Shaw:

Hey guys,

I'm in Maine and having a tough time deciding where (and what) to start with. I'm a realtor so I can get into places (in Maine) pretty quickly. I've checked out single families, 2-6 units, out of state (mostly PA because it's the closest "landlord-friendly" state to me), and smaller commercial. I have been leaning towards SFR because I like the idea of the tenants paying for everything. I also lean that way because most of the multis in my price range in this state are built in the 1800s and I cringe at the thought of the upkeep on them. For out-of-state stuff, I have a hard time because I don't know which areas, contractors, and property managers are good and trustworthy.

Any suggestions of where to start would be very much appreciated. I've been stuck in limbo for years and I just need to take action. I'm hoping your feedback will help get me going in the right direction...

Thanks, in advance, for any guidance you can provide!

- Joey

What part of Maine? I’m in the Bangor area. Regardless of where, I’d recommend joining some local meet up groups to see what others are doing in your market. There are good meet up groups in Bangor and Portland area as well as other parts of the state. I’m in Bangor area if you want to connect!