I'm out in Colorado.

Hello all, my wife and I are non-traditional workers (self-employed and tip-based respectively) looking to build our path to wealth.

We live in Colorado Springs but I am not sure how this market would work and so I am also researching long-distance investing.

Great for any service worker on the strip.Terry

What I ultimately decided to do was to go out of NYC to Indianapolis, not as close as @Scott Wolf in Dutchess County but similar methods/systems that you'll need if you're to invest out of your own market.A little over 2 years later, I have 5 rentals out of state, and hopefully #6 that's pending will have no issues to close and I'm closing on my co-op in Queens (all at the same time).

My fiance and I are looking into adding another property to the portfolio and have gone back an forth on either another duplex out of state (we currently own one in Milwaukee that cash flows us $200 a month) or a vacation rental in a mountain town here in Colorado.

I am building a team in Colorado Springs.

If so, no lender will lend you on the house and no title co will insure the transaction.Second would be specific language in the land contract that would be prohibiting such loansThird would be state laws governing land contracts.Fourth would be general contract law, deceptive trade practices, etc.

We've recently purchased our first rentalproperty in CO with the intention that that rental income will gotowards the project.

For no identifiable reason, I feel hesitant to tell friends/coworkers what I’ve been reading/learning.