Newbie looking to invest in either Kansas or Indy

[Adam S.]

Hello all,

After much reading (lots of BP books, etc.) - my wife and I have finally decided to get on board with REI. We currently live in the NE (NJ) where it's almost impossible to cashflow. We are starting to think heavily on investing out-of-state. We played with the idea of investing in Pittsburgh and now are looking more towards the midwest - mainly the Kansas or Indianapolis areas. We are just a little nervous about out-of-state investing (especially since we are beginner investors).

I would love to discuss more with any investors in these areas (especially if you are also an out-of-state investor).

Thanks for the time!

Adam

[Alex Deacon]

@Adam S. I have worked with hundreds of local and out of state investors here in Pittsburgh. The one tip I could give you when you plan to invest out of state is to move very slowly and get to know the market. Focus on getting to know the market and make a couple trips before you decide to pull the trigger. Buy something small at first and just dip your toe in the water before diving in. Always have a contingency and exit strategy to limit your exposure and finally for sure create an LLC or other entity for asset protection. Good luck to you