To buy and hold out of state?

[Orlando De Los Santos]

Hey BP,

Happy Sunday. I have been educating myself consistently through BP podcast, audiobooks. I am determined to buy my first investment property this year, I’m 24 years old and I need to build my RE empire now not later.

An opportunity has presented itself where I will get a substantial tax return this year that will allow me to put 10%-15% down payment on a 75k house or less.

If I were to look at properties in my market (NJ ) it wouldn’t be as feasible for me, I have been considering the Allentown, PA area. As well as Tampa, FL, Jacksonville, FL due to the low sale prices of the properties.

Do you guys recommend to go FHA route in my market for buy and hold or out of state with a bigger down payment?