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Updated almost 7 years ago,
convincing the old school to invest out of state
I need advice! I am trying to convince my old school father that investing out of state is a viable option. My father invested in the bay area when it was possible (not possible anymore). A 1031 exchange is coming up and I would like to start looking at other markets...(Houston are there?). He is pretty skeptical of my approach. I was trying to explain BP to him and what all can be gained from this community. Any advice on how to convince him that its is quite possible. I really don't want to take the amount from the 1031 ex and buy one stinkin box of a house in the bay area. Thanks!