Hey! My name is David and I just recently joined the forums and would love to get some advice or suggests on what you would do in my situation. I am new to real estate investing and am open to everything! A little background, I have no experience in real estate other than knowing I wanted financial freedom and I knew this is what I wanted to do. That being said I have tried to figure everything out on my own and its been very challenging.
Last year, I bought a condo in an area that I knew was being heavily developed and has a big plan for growth. I think I rushed into my property kind of quick because I was scared about owning a property and not messing up. I just moved out of my place to live at home with my parents to save on some more more. My property I knew wasn't going to cash flow but I thought the location and long term apperication was good. Anyways, I lose about $800 a month after my tenants rent is paid. I have cash I want to invest in for a duplex in Ohio around Columbus but am unsure if I should do that while I am under or wait until I can be profitable on my current place? Also, I have no clue on how to invest out of state as well.
I am excited to learn from everyone and just hope to be successful here! Thanks!
