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Updated almost 5 years ago on . Most recent reply

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82
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Eric Stugart
20
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82
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Starting out while living at home in an expensive area

Eric Stugart
Posted

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.

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