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Investing far away?
I live in California so this housing market is not very beginner friendly. How should I go about trying to find deals out of state? I have been looking at Logan UT. I'm specifically looking for a place to house hack while I go to college.
#4 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
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#4 Starting Out Contributor
- Flipper/Rehabber
- Pittsburgh
if you can house hack while you're in college, that's great. then when you graduate, house hack again.
there's no point in buying a random rental thousands of miles away instead of house hacking. you will just lose money.
good luck
Good advise @Nicholas L. It's not easy to manage everything remotely without boots on the ground especially when dealing with real estate @Drew Herzog
#1 Starting Out Contributor
- Specialist
- Mendham, NJ
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#1 Starting Out Contributor
- Specialist
- Mendham, NJ
I think you already posted this same question in another post. No housing market is beginner-friendly. Beginners shouldn't invest because beginners haven't done the work. You can gain knowledge to take you out of being a beginner to make that purchase, but yeah, you are priced out of CA to house hack as I said in the other post.
Read "Long-Distance Real Estate Investing" by David Greene. That will give you enough information to be dangerous.
