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Updated almost 9 years ago,
Shopping for my first deal.....I found one, but need advice
I am located in LA, California and started educating myself on how to invest in real estate. Unfortunately, my budget is too small for investing in my local area ($100K-120K)
First, I have learned that its not a good start for my first investment to be out of state or away from home, Is that true?
Second, if its ok to invest away from home, I have looks for a property on Craigslist that fits my budget, 100 miles away and to be sold by owner, no agents. What can I do if I need to address the property with comparable ones in area, to estimate repairs, ARV and profit since I am not allowed to use an agent and at the same time I am still in lack of experience and need an agent to help and advice in evaluating for fix n' flip.
Thanks,