Out of state investing for beginner

[Will Gebbie]

So I discovered Biggerpockets about 9 months ago, and because I live in nyc I read the out of state investing book by David greene. Now I feel like even though I understand using a team to help build your portfolio I still feel nervous about investing out of state because I have never done a local deal before or any deal period. Has anyone done a successful out of state deal as their first deal? Or should I try and find something a couple hours a way? In my opinion at that point I feel like I should just pick an out of state market because the New York area doesn’t seem the best place to invest right now for someone new.

[Stephen Brown]

Hello Will! I'd say look at your financial position and see what area makes sense based on what you have and how fast you want to go. AKA your buying power. You can do well anywhere in the country with any strategy. Everyone does this game a little differently, every investor is a little different. So if I were you I would find a price that doesn't make you cringe when you say it out loud (if it does then it's too expensive or is not worth pursuing) then I would search for a few markets at that price point, with good properties, and then talk to people who already have the teams in place to help you. Many agents have connections and are more than happy to assist. I hoped this helped!