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Updated over 6 years ago on . Most recent reply

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33
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Elizabeth Roncevic
  • Parsippany, NJ
10
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33
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Where should I invest?

Elizabeth Roncevic
  • Parsippany, NJ
Posted
Is it ok to invest in a city/state you’re not familiar with if you find a good deal?

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869
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George W.
  • Investor
  • New Jersey
920
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869
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George W.
  • Investor
  • New Jersey
Replied

I think that its okay but you should definitely learn about the city you plan on investing in. Also i'd look for a agent whom really knows the area well. I plan on buying a MF building out of state for my first buy because it is more affordable. Im going to do a drive through a city I want to invest in this weekend to get a general vibe of the area. Speak to locals see if they notice any changes in the area as a whole for better or worse. If it is a city I wouldn't feel comfortable living in myself I'd probably think twice about it. Last I would make sure that the good deal is a good deal in that city. Just because it's a good deal in your city doesn't necessarily mean it is in another. 

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