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Updated 9 months ago,
Should I invest out of state for my first property?
I’m currently 19 living in Denver with my parents. I have a job making ~ 90k and I plan on moving to Texas sometime in the near future. I found an opportunity to purchase a property that would cash flow approximately 100 dollars a month in Texas including property management fees among all other various expenses with a tenant already on a lease. Should I embark on this and move in once the tenant’s lease is up or buy another property and continue to rent it when I do move, or just wait until I move to purchase a property down there?