My wife and I are early in our RE investing journey, bought an old Triplex in 2019 which we sold to build a new duplex in 2022. We are in a niche Midwest market where local prices are inflated and looking to get into other markets, likely out of state.
I have a good W2 job and am saving for the next purchase. We also have about 300k equity in the duplex with a 3.75% rate on the remaining mortgage.
I’m finishing David Greene’s book on Long-Distance RE Investing but am finding myself in need of encouragement/tips before I dive in. I have spoken to local agents in other markets, but the prospect of creating (and trusting) an entire team of distant sub-contractors seems onerous. Syndications seem like the easy way out, but I’m looking to build a lasting portfolio to help build generational wealth for our 6 kids and want to own the appreciation.
In need of encouragement and guidance. Thanks everyone!
