All Forum Posts by: Account Closed

After some inspiration and listening to the BiggerPockets Podcasts, I feel inspired to take the leap forward. I've come to a realization that I do not want to work a 9-5 job, making others rich and not having my own life until I'm 65 and retire, that is not the life for me.

I'm 23 and I've saved up a lot of money to start out my empire with so my risk tolerance would be on the higher side. I'm currently looking into buying rental properties out of state and start my empire from there, but I'm not sure where to begin. I'm looking into multiplex homes and I am able to purchase multiple properties at once with the liquid cash I have in hand, but I'm worried that the deals that I see on MLS are not "great deals" compared to what other people are getting.

I've done a lot of research into the markets I'm looking into and what type of property I want to put my money in.

The markets where I'm looking into would be Kentucky, Illinois, Idaho, etc.

Have you considered looking into Columbus, Ohio as well? Similar midwest market.

I have!

1 Vote

Originally posted by @Aristone Louxz:

@Jon Liang Great idea thinking of out of state investment since your living in NY. My first investment was across the bridge in NJ when I was living in NYC for that same reason, everything was way out of my price range. Where in NY are you? I would try looking at states or distances within a 1 hour drive at most for your first investment.

I am located in the Westchester area. I was thinking about going a lot further, like somewhere in the Kentucky.

1 Vote

Originally posted by @James Wilcox:

@Account Closed I agree with the prior statements and questions. Knowing why and where you want to be in 2021 is certainly very key. If you want any information on central KY feel free to hit me up.

Connected! Hope to discuss things more in depth with you.

1 Vote

Originally posted by @Nicole Heasley Beitenman:

Have you read David Greene's book on investing out of state? That's where I would start.

Thank you for your suggestion, I will take a look into it!

2 Votes

Originally posted by @Michael Plante:

Why out of state?

I want to do out of state because I'm currently residing in New York and properties here are too expensive for my budget.

1 Vote

I've done a lot of research into the markets I'm looking into and what type of property I want to put my money in.

The markets where I'm looking into would be Kentucky, Illinois, Idaho, etc.

7 Votes

All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 6 times.

Post: I'm Finally Taking The Leap Forward

Post: I'm Finally Taking The Leap Forward

Post: I'm Finally Taking The Leap Forward

Post: I'm Finally Taking The Leap Forward

Post: I'm Finally Taking The Leap Forward

Post: I'm Finally Taking The Leap Forward