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Updated almost 7 years ago, 03/20/2018
Explain like I'm 5- How do you guys find a location to invest in?
Hi all,
Newbie here from Brooklyn, NY. I've gone through some of the basics and determined that I'd like to start investing into a single-family home to buy & hold. Ultimately, my end goal is to learn enough about this so I can one day come back to Brooklyn and purchase a multi-family property. But last I checked, Rome wasn't built in a day. Or two.
In the simplest way I can ask- how do you pros determine a location? In my case, I have about 25K that I'm comfortably willing to invest. I'm considering somewhere in PA so I can drive out and see the areas on the weekends, but that's purely based on proximity. Also if there's any other regions you'd recommend in the north-east or mid-west, I'm all ears!
Thank you for your time,
Moosa