​Newbie Looking To Invest Out Of State

[Sunitha Rao]

Hello everyone!

I’m just starting my real estate journey and am very excited about meeting people on this platform!

I currently work in Boston and am looking to invest out of state because real estate is pretty darn expensive up here. My main focus is on 2-4 unit Class B multifamilies, with ideally 2 bed/1bath units in Indianapolis, and the strategy would be to buy and hold. Given that I am new to the process, investing at a distance, and am working a demanding full time job while balancing the demands of grad school,  I am hoping to find properties via turnkey – as long as that option is feasible from a cash flow perspective – or properties that only need light rehab, updated paint and flooring.

I’m currently working on narrowing down neighborhoods that would make for good investments, so if anyone has recommendations or experiences to share, I’m all ears! Lastly – if there are other metros that any of you feel are good cash flow opportunities with strong market fundamentals for out of state investors, I’d love to hear your thoughts.

Thanks for your time!

-Suni