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Updated almost 6 years ago,
Investing in my first rental property not close to where i live
Hey guys! So I have a question, my goal for this year (2019) is to close on my first investment property, more specifically, a small multi-family building. I live in the Hudson Valley in NY. I've looked around my area for multi-family homes but most of these homes have been built in the very late 1800's and early 1900's and many have some serious issues, and are not cheap to buy! I was looking elsewhere somewhere like Orlando, FL. My question is, what is the best way to invest in a multifamily home that is 1000 miles away, being that I would need to hire a property manager. How much (about) do they cost and what's the easiest/best way to find one so that if I do invest somewhere far, I don't find myself needing to go down there