Advice for a Newbie looking for Long Distance Investment

[Nilton Santos]

Good afternoon fellow BP Members...

Happy new year of 2018!

Allow me to introduce myself: I'm a new real state investor from New York. I'm interested in investing in either fix and flips or buy and holds (for cash flow). I'm currently working part-time in NYC so I've got available time to seriously devote to this new business venture.

I've got $150K in cash to invest.

I'm primarily interested in the central/south Florida markets since, in addition to investing in real state, I've also have a goal to move down there by the end of this year.

However, given that my primary goal is to achieve the highest possible ROI I'm open to consider other states as well, provided that I find 'good deals'.

So in this early stages, what would you recommend as the best cities/states in central/south Florida for house flips?

What about states? I read on some of the forums here that Cleveland, Baltimore are good cities for buy and holds for cash flow? Thoughts? 

Any other recommendations would be greatly appreciated.

So I would welcome any BP Member connections for those looking to establish partnerships. I'm open to establish partnerships with legitimate, ethical, serious, professional and dedicated partners (e.g. investment partners, investor friendly realtors, wholesalers, contractors, etc.).

Great day to all and thank you in advance.

[Ned Carey]

@Nilton Santos I believe the best place to invest is where you know the best. That usually means within an easy drive of where you live. Since you plan on moving to FL, then you might want to wait until you get there.

That does not mean do nothing in the mean time. You should keep learning what you can about real estate investing in general and what you can learn of the market you are going to. You can also be saving up money to invest with. That may not seem exciting if you are anxious to get going but you will be prepared to hit the ground running when you arrive.

I work the Baltimore market. Yes it is good for cash flow. However it is difficult to understand from afar.