Investing out of State

[Jerell Edmonds]

Hello BP! I have about $60k in liquid assets, and hopefully, I'll be reaching the $100k mark by fall. I'm looking to invest out of state, specifically in cities that are landlord-friendly and targeting B-C neighborhoods. I'm interested in both multi-family homes (MFH) and single-family homes (SFH) priced under $80k. I've noticed decent prices in the Ohio and Indiana markets. I plan to use a DSCR loan. My goal is to scale quickly . I'd like to brrrr and hold long term and it don't make sense for me to do it in my market due to high cost of homes. How would you go about trying to scale ? Also id like to section 8 tenants as well

[Samuel Diouf]

Hey Jerell, I would start with something either turnkey or light value-add, so you can start forming your boots on the ground team with less pressure and risk. Once you feel you've built a strong team with your first property and have solid systems in place, I would then start buying more aggressively and taking on bigger projects.

I suggest reading this BP article on the core 4.

https://www.biggerpockets.com/blog/core-four-real-estate-team