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Updated over 7 years ago,
Newbie seeking advice on turnkey and NJ area
Hey guys,
I am new to real estate investing but have been doing my research on how to get started. I am in my early 20s but want to get started as soon as possible. I had 2 questions which I could use some advice on please!
1. Are turn-key investments good for a first time investor? Keeping in mind that I am fresh out of college and have about 20k saved up so far.
2. Living in the NJ area. Does it seem more advantageous to start in the NJ area so it's in close proximity? My only concern here is the exorbitant property taxes. Many people have said Multi Family Homes are the way to go in NJ. What's your take?
I am willing to spend 50-60k on my first investment.
Appreciate any advice!
Thanks!