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Updated about 1 year ago,
Out-of-State & $100k
Good Morning Everyone,
My name is Adam Eckhoff, commercial real estate appraiser in New Jersey. I'm considering investing in cash-flowing properties out of state. For example, lets choose Ohio. I see multiple properties listed between $75,000 and $150,000 and also meet the 1.0% rule. "Assuming" the property cash-flows, would it be EASY as putting 20% to 25% down for the property, and finding a management team to take care of everything else? Or am I delusional? Would i be better off putting the $100k in an index fund...? Would buy and hold rentals not be worth it? Maybe BRRRR is the right method? I don't know... How would you guys invest a lump-sum of money into real estate, looking for your first property?
Thanks,
Adam.