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Updated over 3 years ago,
New investor from NYC interested in out of state - Midwest
Hey everyone! New to RE investing from NYC here. I've been planning to invest for a few years, but have not been in a financial situation to do so until now. I work in software sales and recently purchased a primary residence in NYC, but I don't see this being a practical place to build a portfolio long term.
I grew up in Wisconsin just outside of the Twin Cities area. I'm interested in investing in MN/WI/SD/ND/IA/NE as I know a bit about the areas, and have friends and family nearby that I could partner with in the future. In the near term I'm interested in purchasing some single family homes, duplexes, or triplexes to get started. I've found I learn best by just diving into something - and would like to buy a property by next April.
The first thing I'm looking to do is start networking with some investors in the Midwest, and visiting/researching markets to get a feel. Would love to hear from people currently investing in the area!