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Updated about 5 years ago,
Instate rental properties vs. out is state
I am currently learning about real estate investing and looking to save money for my first property. Where I live (New Jersey) it is very expensive to obtain a property and want to get in as soon as possible. Would it be best to house hack for my first property (buy a 3 bed 2 bath and rent out two rooms) or should I look out of state and find a rental property that is more affordable for me and hire a property manager? Any and all advice would be greatly appreciated. Thank you.