Investing outside my market

[Jerry Evans]

Good evening BP,

I am a new member to BP and have been listening too a ton of the previously recorded podcasts. At this point in time I own a triplex, I am looking at an fourplex in a different state, I once lived in this state(Iowa) so I am familiar with some of the areas.  Also, I have a couple of people who are willing to invest with me.

Experienced investors, Is It a good idea to invest outside of my dried of market? Is it also a good idea to bring in other people who have money to help with the possible purchase, seeing as this is would only be my second transaction?

I will be in contact, hopefully tomorrow with a realtor to ask further questions.

All opinions and strategies are welcomed and appreciated!

Jerry,