New to REI, Living in NJ, Looking to Invest Out-of-State

[Account Closed]

Good morning everyone!

I'm new to real estate investing, but have been doing as much research as possible over the past few months into investment strategies, and how I should be looking at deals and markets. I am looking to get into small multifamily buy-and-hold properties, of the 1-4 unit variety. I am from the northern NJ area, and properties in this area are too expensive to be a viable market for me to begin my investing career. I'm curious, for those of you who live in New Jersey, but invest out-of-state elsewhere in the country, where your markets are located, and why you think they are strong (or not): specifically for small multifamily, but any advice will do. I am very interested in hearing people's feedback. Thanks so much guys!

[Chris Masons]

Hi Dakota,

Welcome. I invest in central Jersey mostly. Check out Union County. As a beginner I think you should get your feet wet at least in beginning with a local investment to understand the fundamentals to investing.

Investing out of state has it's challenges and can be cumbersome especially for a novice investor.

That is just  my opinion, others may feel differently.

best regards and good luck!!

Chris