Out of State Investing?

[Erin Murphy]

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!

[Stephen Brown]

Hey Erin! I'd agree with @Courtney Jones I think given your current situation you need to find a property that's rent ready or close to it that also fits your budget. The best places to do this in Ohio are Dayton & Toledo.