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Updated over 4 years ago,
Familiar Hometown Market vs. Long-Range Profitable Market
Should I invest in Chambersburg, Pennsylvania or at Tampa Florida. I've heard through BP (and other investing info groups) that it's important to invest in markets that fit your strategy and projected to grow in the future. However, I spent my childhood in Chambersburg, PA so I have tons of connections and have preliminary knowledge of the market.
For some context, my strategy is to buy and hold. Get some cash flow going and, if advantageous, trade up property using a 1031 exchange. I am aiming for a market with lower property values (~50k) so that I can begin investing sooner.
I live in New York so both markets would be long-range. But, since Chambersburg is my hometown, I have much more resources for support.