Looking for New opportunities

[Jarvae Everett]

Hello my name is Jarvae I’m 32 I’ve been in the navy 14 yrs and I’m booking to get into real estate as I get closer to retirement. My goal is to do out of state investing and tenant occupied properties. Im looking for advice on getting started. I look forward to hearing from anyone willing to help. 

[Harrison Chow]

Quote from @Jarvae Everett:

Hello my name is Jarvae I’m 32 I’ve been in the navy 14 yrs and I’m booking to get into real estate as I get closer to retirement. My goal is to do out of state investing and tenant occupied properties. Im looking for advice on getting started. I look forward to hearing from anyone willing to help. 

Hi Jarvae!

As an out-of-state investor, you can take the following steps to get started:

1. Research the market: Look into the real estate market in the area where you want to invest. Research the demand for rental properties, the average rental rates, and the laws and regulations that apply.
2. Find a local partner: Find a local partner who can help you with the day-to-day aspects of managing your property. This could be a real estate agent, a property manager or contractor.
3. Network: Connect with other real estate investors and professionals in the area to gain insight into the local market and find potential deals.
4. Get financing: Depending on your financial situation, you may need to get financing to purchase a property. Look into options like traditional mortgages, home equity loans, or private loans.
5. Choose a property: Once you have a good understanding of the market and have a local partner, choose a property that meets your investment criteria. Consider things like location, condition, and price.
6. Due diligence: Before purchasing a property, make sure to conduct thorough due diligence by getting a home inspection and researching the property's history.
7. Manage your property: Once you've purchased a property, work with your local partner to manage the property and ensure that it is well-maintained and generating positive cash flow.
8. Monitor your finances: Keep track of your expenses and income from the property to make sure it's generating positive cash flow and it's feasible to hold it.

It's important to note that laws and regulations of real estate may vary from place to place, so it's important to check and comply with local laws before investing.

Let me know how I can help!