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All Forum Posts by: Balaji A.

Balaji A. has started 1 posts and replied 31 times.

Starting Out

Post: Buying property out of state for a first-time investor

Balaji A.Posted
  • Investor
  • Springfield, MA
  • Posts 31
  • Votes 11

Hi Courtney,

Long distance  investing can be challenging  AND expensive. 

It might work if you  partner with someone. Since you are from Michigan/Detroit, I am sure you might be able to find a friend or family member to partner with . You can each pitch in 20% and buy 2 properties. Detroit is a good market to invest at this time.

I live in MA but have properties in IL ( partnered with school buddies)

You can find  turnkey properties from a reseller. Don't believe everything they say -- Trust but verify.

Good luck.

0 Votes