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Updated about 7 years ago,
Question! In OOS Investing, What's a Good Starting PricePoint!!??
Happy Friday, BiggerPocketeers!
In light of the incredible information over the last few days here regarding starting OOS investing, what is a great "PricePoint" for starting out in a different State? It seems to me the lower end (15K~25K~35K) is a no~go for someone like me that is going to start investing OOS in the next 4 weeks. I know it must vary from State to State, but there must be a good starting number for me and others. I do not want to get "Torched" financially for a first time investor, OOS.
I want to do things right starting out of the gate, I don't want to be that one who posts "Here's my experience in getting burned in investing OOS for the first time". I live in Orange County, California.
So, whether in Indiana, Arkansas, Tennessee, tell me your thoughts on a good entry point? $50K? $75K? $100K?
Thank you in advance, everyone, and I would love to hear from all RE investors alike. :)
Daniel F. Harb, ARRT,RT(R)