Cheap or expensive market

[Taylor Thompson]

I was talking to someone and they said they use to own a $400,000 rental property in California but sold it and got 7 properties in Michigan and making 5x more but still ended spending less than she did on that single property. I live in Colorado which is also a expensive market but for my first property should I just focus on my local market? Thanks

[Bill S.]

@Taylor Thompson so no one can make the decision for you. You have to decide what is the right fit for you. Once you decide what you are going to do get educated on that process. If it's out of state and with a partner. Read and learn all you can about the process for about 2 months, then take action. Do the same if you are going to stay local. Learn then take action. No one path is right for all and all paths require learning. If you learn ahead of time, your learning will be far less expensive unless you pay someone a bunch of money for an education/coaching program before doing some basic learning on your own. You can get your grade school education here on BP then choose your middle school/high school and take action. BP can help making those introductions etc. for middle school/high school. If you fail to act, stop learning since you are wasting your time.