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Updated almost 5 years ago,
Newbie looking to invest out of state with not much income
So after talking to a few investors in my hometown of San Diego and told them my situation of not having much income they recommended that I might wanna look out of state which I did. I ended up looking at properties in Huntsville Alabama and found a duplex that caught my eye for $149500 with one unit needing work in the kitchen and the bathroom and another unit needing a fridge and a stove as far as I can see. This is where I turn to you guys since I dunno what to do from here. This would be my first investment ever and I'm planning to do this out of state how would I get funding for a renovation and mortgage how do I partner with someone to help me fund the project how do I make contacts with people within this submarket so they can give me a clearer picture of the property and the market in Huntsville? If anyone is familiar with Huntsville or know someone who is I'd gladly like to talk to and ask questions about the area and what they recommend.