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Updated over 10 years ago,
Pros/cons buying investment real estate out of town
I live Austin Texas and its a sellers market here right now. Most everything is bought cash and above the asking price. I would like to look to other markets to invest in Texas. I'm just wondering what are my limitations?
I understand that I would need to out source for property management or repairs for property with tenants. But are there any other pros/cons to a strategy like this?