Investing in Out-of-state Rentals VS Local Investing

[John Gardner]

Hey Guys, I am new to the BP forum and I had a question that you may be able to help me with. 

I've been investing in condos in the Las Vegas area since 2012. And recently, have placed them on the market due to the rising HOA's that are cutting into my cash-flow. I am looking into investing into single family homes specifically for cash-flow and cant seem to find many deals here locally. I am considering looking into investing out-of-state into places like Idaho, North Carolina and Tennessee. With the lower cost of single family homes in those areas, I feel I can acquire more properties and, at a higher ROI. Would anyone advise for or against out-of-state investing?

Thanks,

-John    

[Jonna Weber]

@John Gardner - You'll found all kinds of great arguments either way on BP. We had one condo and the HOA drove us to sell, too. :) I am a SFH fan. If you are checking out Boise, happy to chat. All the best to you!