Advice on local and long distance investing.

[Amanda Dewyer]

Hey everyone! My names Amanda, I’m 28 and want to get into real estate investing in the next 1-2 years. My goal is to purely build passive income that can help allow me to not need to work a 9-5 job. I live in the Bay Area, so prices locally are way too expensive for me here. I would love to start investing in the south east or Midwest markets. I grew up in Michigan and have a fair idea of the Midwest markets. Honestly being new to it all I feel clueless and long distance seems more complicated than local investing. I’m not looking for crazy schemes to get 100s of units. I’m really looking to slowly build from 1 to 10 Units during my 30s. If anyone can link me to good forum pages or resources on long distance investing, or has tips for Bay Area investing i would be really appreciative of any help. If you’re a Bay Area local and have tips I’d be more than happy to buy you and coffee and chat about real estate once things open back up.

Looking forward to growing on bigger pockets with all of you!

[Sean Sloop]

Hi Amanda, definitely check out the BiggerPockets book on Long Distance Investing. It really emphasizes getting your Core 4 together. 

Where from Michigan are you from? Maybe that market may be a good place to start. Even thought markets are hot here, cost of entry is much more manageable that Bay Area.