Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago,

User Stats

29
Posts
18
Votes
Josiah Hrusch
18
Votes |
29
Posts

Newbie Out of State Real-Estate investing

Josiah Hrusch
Posted

Hello, I am a traveling  RN who has decided he wants to be financial free and refuses to let the man take care of him or his family. I want to look after my own interests and want to start in real-estate investing. I make decent money and have enough to get started. I was going to wait a year and educate myself on this new way of increasing passive income. I also want to wait and see if the market crashes. So a few questions.

Should I sell my primary residential house? I took a loan out on it last year and currently renting it out to my sister and my GF for a negative cashflow. 

Should I take out more loans and buy my first duplex  and start right away in Ohio? 

My friend who lives in Delaware is wanting to create an LLC and start buying and BRRRing foreclosures in the Delaware area, our goal is to save up enough cash and be able to buy without pulling out a loan any precautions or advise?

Any advice would be wonderful, Thank you and best regards Josiah Hrusch.

Loading replies...