Guidance for a beginner needed

[John Vasiliou]

Hi BP team!

I’m ready to bite the bullet and get started with my real estate journey, but I’m at a loss on how to get started and where to look. There’s so much great information out there that I find myself overwhelmed. 

What I’m after:

- reside in NY, but looking to invest out of state, ideally in Florida as I plan to move to Miami in the next 3 years

- max budget of $650k

- looking for a long term rental investment with positive cash flow

- has to be managed by a property manager (active vs passive income due to work conflict)

I’m unsure of next steps - any guidance would be greatly appreciated.

Should I get a mortgage pre-approval? Should I reach out to real estate brokers (I’ve already contacted some via BP)?

Thanks in advance!