New to real estate investment

[Cédric Le May]

Hello everyone, just started my journey to invest in rental properties but I am working full time so for now, I am just reading articles/forums, watching videos online and trying to learn as much as I can before investing. So far, I was not lucky, I am using DealCheck to see if potential properties could be the ones to invest on but the cash flow is always negative (rental or BRRRR)... I am guessing this is the most difficult part, to find the right property and break even. Also, OC is pretty expensive and I was wondering if I could invest out of state, like in Arizona for example. Bear with me while I am learning. I am looking forward to knowing more here and buy my first asset !

[Min Zhang]

Hey Cédric! Welcome aboard! I recommend reading “Long-Distance Real Estate Investing: How to Buy, Rehab, and Manage Out-of-State Rental Properties” - I found it to be very helpful when I got started investing 2.5 years ago.

Here is a summary of the book.

https://www.nateliason.com/notes/long-distance-real-estate-investing-david-greene

The book also mentions the importance of having a rockstar Realtor, contractor, lender, and property manager.

If you're also considering Ohio, I  invest locally in Columbus and Cleveland. I can send you a list of contacts in Ohio to help you build your team, property manager. Let me know how I can help!