@Bryan Milian
Definitely very important questions to ask. First of all, many people a year ago were asking the same question about if they should wait, and planning to wait. They 100% regret that now. Anything you buy should have solid numbers and in general that’s more important than that price you buy for. As far as flip, buy and hold, etc, that’s a personal question related to your interests and skills. There are almost as many approaches to real estate as there are people, and that’s why education is really the first and most important thing you should do. There is plenty of free education on here and on the podcasts. Investing out of state can be extremely difficult, and it is essential that you build your team first - And it needs to be a solid team. Anything that requires work being done on a house is also difficult right now, many people are booked out, in my area sometimes for a year or more. Much easier at the moment if you are planning to do the work yourself - which obviously would not be a viable option if you’re not local to the property. So then you might be locking for turnkey buy and hold - which can definitely work, but in that scenario, your property manager can make or break you. A solid PM is worth their weight in gold, and myself, owning investments remotely for 17+ years, I have some real horror stories to share. Also bear in mind that wholesaling is a way to make money in the business, and can be done entirely remotely. But again, that depends on your situation. Do you have more time, or money? How hands on do you want to be? What is your goal? Share some of these answers and we may be able to help with more direction. I can definitely say that Maine is a great market to invest in, if you are looking for cash flow. @Cody Maheu is in CA and working on the same thing!
