Is it a good idea to buy property in another state?

[Shanna Cox]

I decided to look around at adjoining states to see if there were properties for sale within my price range. I have found some good looking properties and will run the numbers but before that I am curious if it even makes sense to consider buying property out of state. Example, live in New York , buy in Connecticut or live Texas and buy in Colorado. Pros and Cons?

[Tyler Kastelberg]

@Shanna Cox, great question.

Investing out-of-state is a great option if:

1) you have expertise in the area you are investing, or

2) you are investing with a trusted person who has expertise

The Texas market has great value -- a number of people are expecting a rise in Houston values over the next few years. Perhaps look there?