Getting Started in Multifamily

[Charlie F.]

Hi All- I've been interested in investing in Real Estate for a while now, and I've done a lot of reading, and have capital ready to deploy, but haven't yet had an opportunity to discuss investment strategy with anybody who has been there and done it. I want to get involved in Multifamily investing for cash flow purposes, but my local market (manhattan) is too expensive, I would be putting too high a percentage of my capital at risk. Does anybody have advice on investing outside of their region, and how to know a good deal when I see one? Thank you!