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Updated over 2 years ago on . Most recent reply
Out of state investing
Should I even consider looking for my first rental out of state? I have the makings of a team down in S.C. but live in Wis. Do I need a different LLC for each state with properties in it......Should I stay close to home at first? Thanks
Most Popular Reply
Patrick Drury
Agent
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- Real Estate Agent
- Columbus, OH & Cleveland OH
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@Matthew Kirkham
If the local market doesn't make sense in terms of the returns, the barrier of entry is quite high, or it's not a very landlord-friendly state look at investing out-of-state. Columbus OH is a great place to start looking in the Midwest. It's a nice balance of cash flow and appreciation. Also, it has lots of job opportunities and population growth
- Patrick Drury
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