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Updated over 5 years ago on . Most recent reply
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Newbie w/ a 100k to start
Hi BP Family!
I want to start investing in RE to build a good cash flow. I'm not looking for flips since I never did this before, have no experience at all in this field but I do have access to 100k to start. I live in California kind hard to find cash flow properties here so I thought buying my first rental using a turn key company to buy out of state and start learning as we go.
I would like to know from you guys ( pros ) any ideas to start building a cash flow portfolio. I can't manage properties at this time by myself specially OOS. I'm a business owner, work long hours everyday but later on I want to make RE my primary source of income. Any advice will be appreciated.
Thank you guys and have a great day!
Most Popular Reply
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- Real Estate Broker
- Cody, WY
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Check out James Wise of Holton-Wise in Cleveland. Even if you don't use his services, he's a good example of someone that's hustling to help out-of-state investors make a good return on their money.
You can also read "Long-Distance Real Estate Investing" by David Greene. He gives you all the information you need to set up a team that can help you invest in other states.
- Nathan Gesner
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