Terrified but motivated

[Steven Kennerley]

Hi All

I just moved to the USA last year and it took me this long to get my credit score up to a good level Even though we had no debt and a reasonable amount of cash we brought with us from the sale of our home in New Zealand. We we have a mortagage free home and I just went to the bank to get a line of credit on to use for REI.

 Im interested in buying  multifamily out of state. Im currently in Northern Washington State. Im taking as much info in as i can with books podcasts etc and some of the concerns I have I thought Id share.

I listened to the podcast yesterday about investing in multifamily which is the area that interests me the analysis part was really helpful. The problem I have is that I think I can analyze properties but I dont know the areas.  Brandon said bad areas attract bad people which I completely agree with but I dont know which areas are bad. Another issue I struggle with is many of the properties dont show many pictures at least of the inside of these multi families. So to do the initial analysis is difficult because I dont know the initial condition and its hard to put information into the analysis that would give me  accurate feedback.  If anyone can point me in the right direction I would really appreciate it.

Steve.