Out of state Multifamily investing and learning

[Raj Kumar]

Hello,

I have been doing fix and flips/buy and hold investing in SFR properties in Chicago area. I have full time job but was able to continue doing the REI in Chicago area. But, recently I started looking into multifamily investing(20+ units) and found it to be more appealing from returns and operations perspective. I have started learning about them by listening to podcasts and doing a lot of reading. Based on my research, I found that most of the multifamily investing happening in emerging markets (Texas, Atlanta, N. and S. Carolina etc.) which are out of state for me. I have never done out of state investing. I also want to learn to the point of being an active investor and potentially learning syndication etc. I am also looking into mentoring programs to speed up my learning. Has any one done out of state investing in multifamily and be an active investor ? What are the strategies you implemented to achieve success in out of state multifamily investing? Any of your inputs/ideas are appreciated. Thank you for your help.

Best,

Raj