Out of state investing???

[Stuart Edwards]

Hi I'm StuArt Edwards and I'm new to the game of investing in real estate.

Where should I invest? I've looked for and made offers in my area but I'm always being bought out by someone else or just don't have the cash to fix up the properties that I find. So I'm not sure if I should look else where or just put my nose to the stone and keep grinding?

When would you say is the best time to start? I'm still in college but I don't want to caught in the rat race that all my friends are so excited to start. On top of all that we're about to be shut down again, so I know that's not good for anyone.

How do I find a partner and what should I look for and or questions to ask? I heard on one of the podcasts that there are different type of partners not just for flipping?

Thank you

StuArt

[Ryan Cleary]

Originally posted by @Zeke Liston:

Originally posted by @Stuart Edwards:

Hi I'm StuArt Edwards and I'm new to the game of investing in real estate.

Where should I invest? I've looked for and made offers in my area but I'm always being bought out by someone else or just don't have the cash to fix up the properties that I find. So I'm not sure if I should look else where or just put my nose to the stone and keep grinding?

When would you say is the best time to start? I'm still in college but I don't want to caught in the rat race that all my friends are so excited to start. On top of all that we're about to be shut down again, so I know that's not good for anyone.

How do I find a partner and what should I look for and or questions to ask? I heard on one of the podcasts that there are different type of partners not just for flipping?

Thank you

StuArt

Hi Stuart, this is just apart of getting a deal, you won't win every bidding war. Unless your market has awful returns, I would keep grinding in your local market. If there's no money to be made in your market, then I would look elsewhere, I like Columbus, OH. 

 Hey Stuart, I feel like we are in similar situations where it simply does not make sense to invest on the market we live in.  I have found that choosing a market based on stats rather then proximity makes so much more sense.  I agree with Zeke, I am in contract for a duplex in Columbus right now and will be getting such a higher return on my money then if I stuck to New York.  I am getting close to 12% return on my money even with property management.  If I invested where I currently live then I would have negative cash-flow managing the properties myself.  

I will say the first step is finding a great agent and the rest of the deal seems to fall into place after that, if you need any recommendations let me know!