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Updated over 10 years ago,
Investing in your future home market
Hello,
I'm a new investor, I actually just bought my first rental property this week. The problem I'm facing is....I eventually would like to move to another market because I don't see myself staying in Texas forever. My question is...how hard is it to invest in a market you don't live in? Can it be done? My plan is to move to this future market one day...but won't be able to until I can quit my job.
Is it more reasonable to invest in my current market...build a portfolio, and eventually move after I acquire enough real estate to quit my job? Or is it possible to start investing in this future market in preparations to move there within the next few years.
I hope this all makes sense. This is my first post and I expect to be a long time member once I get my feet wet and start acquiring rental properties. Thank you all in advance for your suggestions.