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Updated almost 17 years ago,
New to Forum Wanting to Start with out of State Investment
Hey everyone first off I just wanted to say thanks to everyone in this forum I have read alot and really learned quite a bit here.
I have never done an investment deal but have wanted to for the last 10 years or so. I have actually found a couple investments properties that I could never convince my wife to go with. Each of them I could of made 50k or more, of course that is with hindsight but that is exactly what other investors did. I am ready to do something without my wife.
I have 10k and it will be hard to put anything else together right now. I have been looking at the Buffalo or Rochester area in New York. I live in Utah. I would like to find a property manger to run a property for me and the prices seem to be what I could pay cash for. I do work for an airline and so I can travel for very little and so the distance doesn't bother me. I do plan on spending some time in the location that I do buy.
Most of you guys say to buy closer to home. With the limited amount of capital I have to start with what do you think about my first deal being out of state?
Is there another market that any of you would recommend?
Any help would be appreciated.