Buying properties out of state

[Trevon Bascomb]

So i live in nyc. And like we all know nyc is pretty expensive. Do you think its a good idea buying and holding/flipping properties somewhere like Detroit (out of state) without actually moving there?

[Basit Siddiqi]

@Trevon Bascomb

Welcome to Biggerpockets!

Hey Trevon - I grew up in Brooklyn. Many people living in NYC find it difficult to invest within the city for reasons that you suggested.

Many of us will invest out of state. I think you are currently looking for a market to invest in.
Have you ever been to Detroit? If you haven't, you may want to consider traveling to the city to connect with real estate agents, view some properties, connect with fellow investors. The money spent on travel and hotel will be worth it.