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Updated over 7 years ago,
Out of State Investing For First Time Investor
I live in Long Island, NY. This is an expensive area to get started up as a first time Real estate investor as most 2 families and up are in the $400k and up range. My other option is owning a property out of state, but I do not think this is a great idea for a first time investor + the additional cost of a property manager. Any thoughts or advice appreciated.