The best path with $80k as a new investor in a hot market

[Trey Sutliff]

Hi All! I'm a new investor licking my chops

to get in the game. I live in Stamford, CT (30 miles outside NYC. Needless to say, Fairfield County where I live is expensive and so are most neighboring towns. I have about $80k I can start with to get my investing underway.

If my goal is to build wealth, do I get multiple homes in less expensive neighborhoods out of state ( where I'd need to go turnkey)or stay in state where I can maybe get 1 or possibly 2 properties but stay closer to my investments. As a rule of thumb, what is the best bang for my buck?

Thank you!

Trey