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Updated almost 8 years ago on . Most recent reply
Question: Can I buy in a nearby state?
I was just curious. I am new to investing and I'd love to keep learning, I'm determined and don't want to give up! So, I am outside of Philadelphia and it takes me 5 minutes to actually leave my house, cross the bridge and physically be in New Jersey. However my concern is this: if I do not live in New Jersey currently, is there any hurdles I should be aware of with looking at an investment house over there? Specifically multifamily if that makes any difference?
Thank you!
Most Popular Reply
None. Just know the laws of New Jersey and have a lawyer, escrow company and title company for the area you are investing in. You could invest in New Zealand or Canada if you wanted to. I invest in Arizona, California, Washington and Texas. I could invest other places with no concerns if I have a good real estate lawyer there.