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Updated almost 5 years ago,
Starting out while living at home in an expensive area
I want to invest in out of state rental properties asap but I still live at home. It wouldn't be for another 1-3 years but my concerns are this: Where I live is very expensive and not a landlord friendly state (NJ) so I want to invest out of state in a landlord friendly state with a rising market. I am thinking of getting a rental property before I move out so I can get the ball rolling and then renting an apartment in NJ or house hacking a multifamily in NJ and trading up for a single family home after a year or once enough equity is built up. What would be the best strategy? Any and all advice would be greatly appreciated, thank you.