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Updated over 5 years ago,
Bad idea for my first REI to be out of state?
I’ve been looking at deals in my area, Fairfield county Connecticut. Very expensive and competitive market( as is everywhere else im sure).
I have Yet To purchase My First piece of property. Running the numbers in my area compared to lets say for example.. Burlington,NC. The margins for cash flow 1. Look greater in NC. and 2. Purchase price of these properties are less than half of what I’m looking at locally. So lower buy in.. higher cash flow.. Am i missing something or does it not make much more sense to dive in OOS of the rip?
So basically im sayIng with no hard experience besides BP podcasts and plenty of other self education.. is it too risky to invest OOS ? Or if the numbers work just Nut up... thoughts??