All Forum Posts by: Sino U.

Hi - I reside in NJ about 45 mins away from Philly. I decided that I want to start out of state investing, given that NJ costs are too high and not friendly towards landlords. I have been reading in BG about Cleveland, OH offering the most cash low on your buck. However, I am hesitant (at least for now) to start investing that is too far away from me. With that being said, I am interested in investing in Duplexes in Philly area. Would appreciate  any advise, suggestions as I start my journey :) Happy to connect with locals as well :) 

thanks for replying @Travis Biziorek i know the question was quite vague, but i was trying to understand whether it make sense to invest out of state but not too far from where i live myself. 

If not, you're just dumping 25% down on properties and having to service a line of credit at a higher interest rate. Then what's the plan? Pay it down with cash flow and W2 income? It will take a very long time and likely doesn't make much sense." - but when taking a heloc, i would need to pay down the money anyways, which is also from the cash flow and it will take time no? I am a bit confused..

Hi BP Community,

I’m excited to join and start my journey in real estate investing. I’ve been reading Brandon Turner’s book on the subject and am nearing the end. Eager to begin, I have a few questions and would appreciate your insights and advice.

I currently live in Monmouth County, NJ, and bought our home last summer. Considering the high property taxes unfriendly laws towards landlords , inventory, and prices here, I’m pondering out-of-state investments for potentially better cash flow. I’m attracted to markets with:

• Lower property costs

• Landlord-friendly laws

• Lower property taxes

However, I’m unsure about the best market for a beginner like me, aiming to invest in multi-family properties with a budget of $50K. Is this feasible in the current market?

Another concern is financing. I'm considering using a HELOC from my residence. From what I've read, this seems more suited to a BRRRR strategy. Would it still be a wise choice for a straightforward investment?

Lastly, I’m curious about starting with Section 8 housing. As a novice in real estate, is this advisable, or should I gain more experience with other properties first?

Thank you!