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Updated about 10 years ago on . Most recent reply

User Stats

101
Posts
43
Votes
Kevin Darrell
  • New York
43
Votes |
101
Posts

New to real estate investing. Was looking at out of state investments as a recommendation from a friend because of the cheaper price of properties.

Kevin Darrell
  • New York
Posted

Hi everyone, my name is Kevin Darrell and i'm from Long Island, New York. I initially came upon Biggerpockets.com while trying to find some background on a company called Strongbrook that a family member approached me with.  I then found a wealth of information Biggerpockets. My wife and i always had a goal to purchase a few properties that would produce residual income and supplement our retirement (I'm about 5 years away from retirement). A friend recently purchased an investment property in Georgia and suggested i look into that  area due to pricing and the fact that we have family in Georgia and plan to relocate down there after i retire. While i was checking out properties online i requested more info on certain properties and have been in contact with a real estate agent who sends me properties that fit my search criteria and was planning on taking a trip down in the near future to look at some properties.  That is where i am in the process, as i stated i am new to investing and i am glad to have come upon this site.

Most Popular Reply

User Stats

232
Posts
95
Votes
John Geldert
  • Rental Property Investor
  • East Meadow New york
95
Votes |
232
Posts
John Geldert
  • Rental Property Investor
  • East Meadow New york
Replied

@Kevin Darrell welcome to Bp. I'm in the same boat. The prices of real estate in Ny has forced me to invest out of state. Investing in a state in which you plan on retiring seems to make plenty of sense, especially if you have family there to keep an eye on it for you.

   For more info make sure to take advantage of the Bp podcasts, There are a few on the topic of investing out of state. I found @Engelo Rumora podcast especially entertaining. 

Good luck with all your investing!

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