Unique Situation for First-Time Poster

[Zach Holmes]

Hi all,

I am very new to this site and the real estate world. I graduated college a year ago, and I have started saving some money, and I am considering using real estate as an on-the-side investment opportunity. However, I am in a unique situation where I will be rotating every 18-24 months to a new city for the next 5-6 years, and currently live in South Baltimore. This leads me to the following questions:

Is there a recommended type of real estate investing for someone moving around? Buy-and-hold seems like the route I would go, because while out-of-state I could use a property manager.

Is it possible to use the same "team" (attorney, CPA, etc.) across state lines?

What additional risks are associated with out-of-state investing, and how long must you live in a multi-family unit to be considered "owner-occupied"?

Thank you for reading this, and I look forward to becoming more engaged with this site!

[Ned Carey]

@Zach Holmes I am a big buy and hold fan. However managing from afar will increase your risk and possibly your costs. The good news is since you won't be buying from afar only managing from afar you can learn your market where you are buying while living there. This could allow you to take advantage of some of the best opportunities in many markets.

Also consider wholeslaing or rehab and flip. With those strategies you are not tied to any market after you leave.