Hi All,
Just wanted to post and say hi and hopefully get some advice to help push me in the right direction with my first investment property.
I currently live in NJ and am looking to invest out of state (open to NJ investments, however, i know the state is in favor of the tenants and it is pretty expensive, and i know there are not as good of opportunities locally for me).
I am looking to acquire single family and multi family proprieties creatively and looking for mainly long term buy n holds / rentals. I am having a hard time narrowing down a location to invest and would like to better understand what specific things i need to look for and know in order to understand if an area is a good investment.
Heres some of my thoughts so far:
1a) Locations: PA, AZ, TX (Houston, Tennessee), FL, NC, SC. Still open to NJ investment. Don't know what neighborhoods to look at in particular.
1b) How do analyze a market to determine if it is a good invest vs not. What things should i be looking for?
2) Property Type: Single and Multi Family, preferably 3 bed+, 2 Bath. Ideally, would like a close to turn key or minimal cosmetic renovation ($10-15k).
3) Would need to be positive cash flow after conservatives expenditures - property management, maintenance, etc.,
4) Looking to mainly acquire properties creatively
Any thoughts? Would love to hear feedback and connect as well!
Thanks all!
