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Updated over 8 years ago,
Beginner Not Sure Where to Start
Hi everyone!
I'm brand new to the idea of investing and I have been diligently researching the basics thanks to BP!
I live right outside of Washington DC so I plan on investing in properties further away because of the high prices here. At first I thought I wanted to look into vacation rental in Orlando, but now I just feel confused.
I'm researching different areas such as: Richmond, Virginia, Austin, Texas, Houston, Texas, Raleigh, North Carolina and so on. I'm feeling so overwhelmed.
Once I choose the right place, I want to learn the ins and outs of the market there and any other information I will need. I also want to network with other investors in that area. I'm at a place where I need to stop and ask someone experienced for any advice on how to proceed.
I would ideally like to invest in a multi-family property for long-term lease. Right now, Richmond, VA sounds like a good choice because it's the closest to where I live now. Any suggestions on how to choose a city for a beginner?