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Updated over 4 years ago on . Most recent reply

Leonel Vanegas's profile image
Leonel Vanegas's profile image
Leonel Vanegas
  • New to Real Estate
  • from long island, NY
  • Member since May 17, 2020
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Leonel Vanegas's profile image
Leonel Vanegas's profile image
Leonel Vanegas
  • New to Real Estate
  • from long island, NY
  • Member since May 17, 2020
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Leonel Vanegas
  • New to Real Estate
  • long island, NY
3
Votes |
22
Posts
General Real Estate Investing

RE investing beginners

Leonel Vanegas
  • New to Real Estate
  • long island, NY
Posted

Advice for a 21 yr old in starting out with 60k cash

Is it smarter to invest out of my state which is New York ?

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Brock Mogensen's profile image
Brock Mogensen's profile image
Brock Mogensen
  • Real Estate Syndicator
  • from Milwaukee, WI
  • Member since Mar 18, 2018
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Brock Mogensen's profile image
Brock Mogensen's profile image
Brock Mogensen
  • Real Estate Syndicator
  • from Milwaukee, WI
  • Member since Mar 18, 2018
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Brock Mogensen
  • Real Estate Syndicator
  • Milwaukee, WI
905
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Brock Mogensen
  • Real Estate Syndicator
  • Milwaukee, WI
Replied

Before investing in a deal, invest in your REI education. You can obtain most of it for free through books, podcasts, and networking events. Then define your deal criteria. Once you have the knowledge base built up and criteria defined, you will feel much more confident on pulling the trigger on a deal. If you do decide to invest out of state I would put lots of time into finding a good PM.

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