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 about 4 years ago on . Most recent reply

User Stats

13
Posts
2
Votes
Ben Leary
  • Rental Property Investor
  • Dallas, TX
2
Votes |
13
Posts

Start in NH or wait until I move?

Ben Leary
  • Rental Property Investor
  • Dallas, TX
Posted

I am currently saving for a 4-plex/multi-family OOI that I would get in November of 2021 when my current apartment lease is up. This would be my first property investment. I am also going to school full time for finance at SNHU and will be graduating with my 4 year degree March of 2022. Me and my girlfriend were talking about potentially moving to Texas after I finish school. This has been something I have wanted to do for years. The abundance in jobs and inexpensive properties there are what makes Texas particularly appealing to me.

My question is: should I get my first rental property in New Hampshire or wait until I move to Texas so that the property would be closer by? I have read that long distance rentals come with complications.

Most Popular Reply

User Stats

116
Posts
64
Votes
Shane Cloutier
  • New to Real Estate
  • Dalton, NH
64
Votes |
116
Posts
Shane Cloutier
  • New to Real Estate
  • Dalton, NH
Replied

Long distance can have complications, those can be lessened (not eliminated) with setting up a strong network of property management teamed with book keeping and accountants. The work to vet those and setup a strong support network will add to the experience the others mentioned before. You could hit Texas with money flowing into your pocket and the skills to setup a brand new market to profit off of. 

Loading replies...