Is my area right for investing in.

[Jaret Sukraw]

So I live in a smaller town called Fallon, NV. It is near a navy base, but I am wondering if I should even try to start investing here, or maybe just go to the bigger areas near Fallon such as Reno or Carson. I would greatly appriciate your comments, and I ask you to visit my facebook page "Learning how to invest in Real Estate" as i I am trying to get a bigger following and discussion on there. Thank you very much.

[William Allen]

@Jaret Sukraw  I have been to Fallon a few times.  There is certainly money to be made in that area and I think a buy and hold strategy works well around most military towns.  With that being said, you need to look at the rent prices versus the purchase prices to see if that is true.  No one wants to live on base in Fallon so most will live off base.  And, I suspect a lot of people don't want to buy there because most of them never want to go back once they get done that 3 year tour.  

Is there a good REIA in the area? If not, where is the closest one? Are there "we buy houses" signs on the corner of every intersection? If so, someone is wholesaling and someone else is renovating houses in your area. Call the number on the sign and talk to them about what they are doing. Buy them lunch if they sound like they know what they are talking about and get as much info as you can. Find out what is going on in your market any way you can and then see where the money will be made.

I certainly don't know your market one bit after going there twice, so take what I said with a grain of salt.  However, you need to find the people that do and ask a lot of questions.  Do some research before deciding which angle to take.  

Good luck!