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Updated over 3 years ago, 07/10/2021

User Stats

21
Posts
5
Votes
Erin Murphy
  • Real Estate Agent
  • Bayonne, NJ
5
Votes |
21
Posts

Out of State Investing?

Erin Murphy
  • Real Estate Agent
  • Bayonne, NJ
Posted

Hi! I’m a 19 year old NJ Realtor with around $20k saved up. I initially thought I would start off by house hacking a multi-family house in NJ, but I’m not sure that will work out right now due to the crazy market and my income.

I started thinking of alternative strategies, and am now thinking of investing out of state. In a few months, I will potentially be able to purchase a home in cash in an area that has low market value, but high rental demand. What do the seasoned investors think? Do you have any suggestions for what areas to look in?

I appreciate any input!

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