Yes my plan is to start with 1. I realize a lot I will learn a lot with the first few properties, and likely make some mistakes.
I found a mentor out in Las Vegas who I have connected with who seems extremely bullish on the Vegas market. Looking forward to learning more from him.
I’m not in this for the short game, I am looking 10-15 years down the line – but I have to start somewhere.
[quote=sdsurfer]If it was me, I’d start with one out of state unit before I go for 8 of them. Get a feel for owning out of state and how the relationship with your management company is going to be before you make the larger investment. I know so many people that have been talking about investing in multi-unit properties “because the price per unit is better”, but I’d think the expenses/maintenance are higher too.[/quote]
