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Updated over 4 years ago on . Most recent reply

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7
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1
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Landon Beamon
1
Votes |
7
Posts

First time investor/ Out-of-state investing

Landon Beamon
Posted

Hello BiggerPockets Family,

So I'm currently serving a 4 year term in the U.S Navy, and my term ends next year. Im going to school in Orlando, Fl, but I'm from Texas, and want my first investment property to be in the Dallas/Fort Worth metroplex. I'm more familiar with the area and market prices seem to be more affordable for my 20% down payment. My question is, is it wise for my first investment property to be out-of-state?

Most Popular Reply

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667
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382
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Moises R Cosme
  • Flipper/Rehabber
  • Leominster, MA
382
Votes |
667
Posts
Moises R Cosme
  • Flipper/Rehabber
  • Leominster, MA
Replied

Landon, 

Real estate investing is challenging.  Investing out of state ratchets up the level of complexity.  Your first few deals should be in markets that you know really well.  

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