Losing my Proper(ginity): Is investing out of state for your first purchase too risky?

[Aaron Mack]

Hi All,

When I first decided that I wanted to get involved in real estate investing I spent months researching investing techniques, financing options and locations. As I've become more comfortable and knowledgable I've come to learn that the best peice of advice is to TAKE ACTION. Thanks to BP, I've been motivate to finally take that action and step into my first deal with my business partner.

As we are now ready to take that step of faith and purchase a property, I have noticed that there is better potential opportunities to invest in Buy and Hold multi-family properties with positive cash flow out of my area (which is San Diego). I have run pro-forma's on properties in areas of Boise where my business partner has some connections and find that the return would be greater, not to say the purchase price lower, but I have concerns about pulling the trigger on a first deal not in my area. So the questions has to be asked, is investing out of state for the first purchase too risky or is it a moot point if a good opportunity presents itself?

Cheers,

Aaron