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Updated over 7 years ago on . Most recent reply

User Stats

14
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8
Votes
Laura Gianiotis
  • Long Island NY
8
Votes |
14
Posts

Out of state investment property

Laura Gianiotis
  • Long Island NY
Posted

Hello,

I am new to the BP community and had some questions regarding an out of state investment property. I am located in New York, due to the extremely high taxes I am looking to buy a property else where. I am thinking Indianapolis right now, I am looking into purchasing a duplex rental property. If you have any insight in other areas, reputable agents in the area, or reputable property managers, your insight would be very appreciated! Thank you very much! 

Most Popular Reply

User Stats

398
Posts
248
Votes
Chris Grenzig
  • Property Manager
  • Orlando, FL
248
Votes |
398
Posts
Chris Grenzig
  • Property Manager
  • Orlando, FL
Replied

Laura Gianiotis I agree with Mike Indianapolis can be a great market but you have to know the specific areas; we've generally steered clear. Saw your from West Islip, I actually grew up in Smithtown and live in Uniondale now. Started out trying to flip houses on Long Island and struggled like you mention. Ended up investing in a few deals outside Cincinnati for a total of 25 units and now I'm fortunate enough to work in real estate full time. If you have any questions, wanna chat or even grab a coffee feel free to reach out. We also do host a free monthly meetup centered around multifamily investing, just as a pure informational session and networking event. If you think you might be interested let me know or look for the event posted by John Cohen on biggerpockets, either way let me know if I can be of any help. Best of luck!

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