All Forum Posts by: Mac Nielsen

Cheers, @Mac Nielsen

The answer your question:  it depends 

There’s the market location, the investment strategy, your risk tolerance and how much capital you have access to - just a few of many things to consider.

One thing I'd recommend is to get to a local REIA meeting. Networking and meeting other investors in your town might prove to be beneficial. What market are you in?

Whichever market you decide to invest in remotely - you're gonna need to leads. You can go word of mouth which is free but is gonna require a lot more time & energy or you could put together your own marketing campaign. Either way, once you get a good lead then you have some leverage… From there you can choose just how you want to exit. Whether it's wholesale, wholetail, fix & flip, BRRR or something creative - having that deal tee'd up and ready is crucial so that should be the focus - finding a deal.

Why not try for a "house-hack"? You might be in prime position to Airbnb out your primary residence while you are on the road. 

Could be that if you are on the road 150 nights per year, your primary residence could generate a ton of income. Might be a way to "big rig" the odds in your favor (I'm not sorry for my excellent pun"). 

Quote from @Mac Nielsen:

I am new to investing and have 0 deals as of now. I am a Truck Driver and looking for a good Remote Strategy  to get started. Not sure if I like the Wholesale Strategy. I was thinking I just need to pick a spot and build a team to do a brrrr. Any input is appreciated and welcome. Thank you

When you say "truck driver" does that mean you spend a lot of time away from the property for days at a time sleeping in our rig? If so that changes a lot.  It means you may not know what's going on when things go south at your investment.  But it also means you are not stressed so much about things when you're away.  But if you're stressed it means problems haven't been resolved which should be.  Generally you want to be close to your investment.  The more people you cram in there maximizing rent like a good house hacker, the more tension and friction there will be that will need to be resolved calmly by you.