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Updated about 7 years ago on . Most recent reply

User Stats

5
Posts
3
Votes
Marco Paglialunga
  • Menlo Park, CA
3
Votes |
5
Posts

Looking for my first deal here in the USA...any suggestion?

Marco Paglialunga
  • Menlo Park, CA
Posted

Hello everyone!

I'm new here in the BP community and I already love it! I moved from Italy (where I already invested in real estate) a couple of years ago and I'd love to start investing here in the USA.

The area where I moved (SF Bay Area) is not what I'm looking for to invest (and not what I can afford for sure), so I'm trying to understand how to invest out of State ( I've already read "Long Distance Real Estate investing").

I have a $50,000 budget, I plan to finance, and I would love to start with a rental property (3+2 SFH, nothing more than cosmetic rehab, good tenants neighborhoods with good schools, in cities with +100,000 population; Kansas City, Indianapolis, Detroit). Any suggestion on other possibilities? Would you look at duplex/triplex?

What would you suggest for my low level of expertise and my initial budget? 

Thank you os much in advance!

Most Popular Reply

User Stats

11
Posts
15
Votes
Judah Hoover
  • Property Manager
  • Lancaster, PA
15
Votes |
11
Posts
Judah Hoover
  • Property Manager
  • Lancaster, PA
Replied

Find your local investors club or REIA and attend. Try to meet wholesalers and realtors there. I would be SHOCKED if you didn't walk out with a deal

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