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Updated about 3 years ago, 10/18/2021
1st R/E investment question - Remote Deal or Local Only?
Hi guys, I'm brand new here (both to R/E investing and w/ BP) and I have a quick question as I'm reviewing deals from all sources. While my plan and financials does include property management for any location - for my first home, should I ONLY look locally in Dallas Tx area for my first deal, or can I look nationwide for the best deal? My plan is to focus on cash flow since the plan is to replace my W2 and Texas r/e taxes are high so tough on the cash flow but amazing on equity. Any advice? Anyone start with their first deal in another state?
Thank you guys!