convincing the old school to invest out of state

[Anita Ahuja]

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! 

[Brie Schmidt]

@Anita Ahuja - You need to show him.  Take a trip, see some properties, run the numbers, and present it.

If he still isn't convinced then that is his choice.  But you can show him the information and let him make his decision.

I like to explain it like a car dealership, I am a Nissan dealership.  If you are interested in a Nissan, I can tell you all about it.  But that doesn't mean a Nissan is the best fit for you.  I can provide you with the info and answer your questions, but ultimately you need to decide what is right for you.

Investing is that same