New investor looking for opportunities!

[Derrick Chisholm]

Hello!

I am a brand new investor looking to grow wealth through real estate. I want to focus on rental properties then as I gain more experience with real estate in general, I will look into the other opportunities real estate has to offer! I would greatly appreciate any advice based on my current circumstance!

I am looking to do out of state rental investing. This would not be my first purchase, I purchased my first home in 2020, which is my primary residence! I will be paying a large portion of debt off within the next month and I'll be able to save about ~$1500 a month. I have a goal to purchase homes with at least $250 in cash flow. What strategy would you recommend for me to get my feet wet with my first rental property? how much should I save up? what should I expect?

Again, any advice/information would be greatly appreciated!