Portland Maine Buy and Hold

[Liam Goble]

I currently live in State College, PA, but my wife and I have considered a move to Portland Maine. All of our investments are in our local Pennsylvania market and I have no experience with PM or turnkey companies, however I am exploring both options currently.

I see a lot of discussion regarding out-of-area investing in different Texas markets, Indianapolis, Chicago, and Memphis markets. Ultimately, if it's simply a buy-and-hold investment, the area shouldn't matter too much, except that I want the right amount of stable growth coupled with consistent job growth. For my wife and I, we would enjoy taking 'business trips' to Portland, ME to look for additional rentals or to inspect the units we would own.

When I read through most of the BP posts, I see very few references to any markets in the North East. Is this because the NE is that much more expensive when compared to other markets? Is it that most North East REIs haven't found BP yet?

Any thoughts would be appreciated.
Thanks in advance.