Tips on first investment?

[Jean Bae]

Well after a lot of saving I’m ready to make my first investment. My goal is to find a deal single family home to keep and rent. I’m very caustious about the rental market during these times so choosing diligently. Ideally less than 400,000k property in upstate NY or Washington state outside Seattle. 

Any words of advice, recommended CPAs or real estate agents that can work remotely? Thank you!

[Dave G.]

@Jean Bae Since you mention NY and Washington states, I assume you have flexibility in where you can invest in the US. I would recommend you apply some macroeconomic and regulatory criteria as part of your location selection. Those 2 states are among those where I probably would not go. You need to go where there is job growth, net population in-flow, low taxes, few regulations and business/real estate friendly environments. Recommended reading: Emerging Real Estate Markets by David Lindahl. The book is not new, but the principals remain valid. Good luck to you.