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Updated almost 9 years ago,
Long Distance Rental Properties as a Newbie?
The initial reason that lured me to real estate investing, was to look into purchasing an out of state property that I could rent and eventually use as my retirement home. However, as my real estate education grows during these early stages an out of state investment as my first may prove difficult and challenging.
I'm a CT resident, which in an of itself is a "downer". Very expensive to live here between the property prices and taxes, as compared to many other states. The South East is where I was considering, states such as NC, SC, FL.
It's obviously possible to achieve, based on the stories here at BP, but my guess is that most would not suggest it to start off, unless necessary?
Perhaps a state closer to start would make some sense?
Your feedback is appreciated.