Any suggestions for investing local or out of state?

[Carlos Hernández]

Good day, everyone!

I am a first-time investor with approximately $50,000 to invest. Although, I am looking to build more capital I am very eager to get started. I believe I have 2 options:

1. JV, because I do not have enough funds to invest locally on my own.

2. Invest outside of the state, as it may be more cost effective to invest independently utilizing HML.

I want to begin with Fix and Flip to build more capital for BRRRR's. I'm not sure which choice makes the most sense for me. Any advice would be greatly appreciated.

Blessings to a successful New Year!