Buy local or out of state

[Anthony Kono]

Hello all , I am new to this . I appreciate all of he information and help.  Planning to invest in rental property soon and stuck what area to look into. Since most of the job and population growth is outside my area ( NYC , Staten Island ) is it worth to start to invest local or should I concentrate on places where there is job growth and population growth increase ? I don’t mind having a property manager as long as i know there is positive outcome.  I realise it’s better to have first property close by but worried with questionable future in my area. 

[Nathan Gesner]

Quote from @Anthony Kono:

Hello all , I am new to this . I appreciate all of he information and help.  Planning to invest in rental property soon and stuck what area to look into. Since most of the job and population growth is outside my area ( NYC , Staten Island ) is it worth to start to invest local or should I concentrate on places where there is job growth and population growth increase ? I don’t mind having a property manager as long as i know there is positive outcome.  I realise it’s better to have first property close by but worried with questionable future in my area. 

It's nice to have property close by, but it's more important to focus on goals. Set your goals, then reverse engineer them to figure out how you will attain them. Will buying close to home help you achieve your goal faster than buying in another City or State? If so, stick with it. If not, go another route.