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Updated almost 6 years ago on . Most recent reply

User Stats

5
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0
Votes

Out of State or Locally

Jimmy Jean-Louis
Posted

My name is Jimmy I was able to save $20k for real estate investment.  I have a 30 day challenge to buy a rental unit, single or multi.  My  price range $50k - $80k.      I live in Texas Dallas / Fort Worth.  It's very difficult to buy a decent house in that price range.    Should I invest out state or invest in my own backyard? If I do invest out of state how do find get a team to help with renovation? or Should I jut invest in a turnkey property?  Help please.  I can be reach  voiyagetravel @ gmail.com  

Most Popular Reply

User Stats

105
Posts
68
Votes
Frank Maratta
  • Rental Property Investor
  • Connecticut
68
Votes |
105
Posts
Frank Maratta
  • Rental Property Investor
  • Connecticut
Replied

@Jimmy Jean-Louis

My personal advice would be to start local for your first property. I can't tell you the amount of times that I need to be on site for something. Although I do manage my own properties and cannot find a good property manager in my area. I also believe that managing yourself will enable you to learn a lot more on your first property. If you can't find deals off the MLS, try to think creatively ! Driving for dollars ect

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