Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 4 years ago on . Most recent reply

User Stats

2
Posts
3
Votes
Frank Redman
3
Votes |
2
Posts

Buying your first deal out of market

Frank Redman
Posted

I currently live in the Boston area and I am looking to make my first rental purchase within the next 12 months. But with the Boston area being so expensive I would likely have to save for a few more years before I'm able to have the down payment I need. Because of this I have been considering buying in the cheaper Columbus Ohio area where I attended college. I was just curious to see if the community thinks that a beginner buying out of market is a bad idea. 

Most Popular Reply

User Stats

634
Posts
415
Votes
David Barnett
  • Rental Property Investor
  • Cambridge, MA
415
Votes |
634
Posts
David Barnett
  • Rental Property Investor
  • Cambridge, MA
Replied

@Zeke Liston A little north and to the west of Columbus (Minneapolis/St. Paul - Twin Cities Metro).  The other thing that I think is a consideration is are there direct flights from where you live to the market that you are choosing to invest?  I find it extremely important (pre-COVID) to be on the ground at least a few times a year, ideally, quarterly.  I always learn a ton being in the market and seeing (and hearing) directly from folks that live in the market on a day to day basis.

  • David Barnett
  • Loading replies...