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Updated almost 4 years ago,
Real Estate Investor
Hello,
I’m a new real estate investor looking into multifamily investing. I’m willing to invest roughly $300k. I currently reside in Las Vegas but don’t really see much multifamily buildings around (most of them are very old and beat up). This made me think of investing somewhere else. I would like to ask for your advice. I know it’s hard to invest in a different state especially for beginners but I also don’t mind hiring a property manager. If you have that much capital, what would you do? Invest it in one small apartment or buy two fourplexes? And where would be the best place to invest especially with people moving around (factoring unemployment rates etc.). Doing some research i found out that Austin, TX and North Carolina are one of the best places to invest in. But i want to hear your thoughts