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Updated about 1 year ago,
Investing interstate for the first time
Hi BPs,
Looking to start our first property investment - budget is $300K - finally saved enough for a 20% deposit. We own property in Sydney, Aus but have never owned property in USA where we live today (NYC). Looking interstate due to budget.
Just finished reading David Greene’s rental investment book - what a gem. But still not sure where to start - outside of looking for locking down our pre-qualification (almost done) and finding a reliable wholesaler or real estate broker in the relevant GA region.
We don’t have the skills or time to start with flips. Looking for advice on how people started with a full time corporate job (demanding one).
One attitude we feel is in our favor is we are really aware that this is not a get rich quick scenario - our goal is to start slow, learn as much as possible, build a solid team and we are aiming for amassing enough passive income from rentals - with the ultimate goal to step away from my corporate job.
Any advice on how best to use Bigger Pockets and interstate investing super welcome. TY BPs!