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Updated over 10 years ago,
Unique Situation for First-Time Poster
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!