Is it possible to invest out of state? I need some advice.

[Gabriel Rodriguez]

Hello All,

First of all, thank you for such wealth of information in this place. I wanted to know if any of you have invested in properties outside of your state? I am from NY and investing in properties here is very expensive. I currently have 1 single family house rented, but my ROI is low for such property ($250K House - $250/cash after paying P&I/taxes) so I am looking for your advice. I currently have 100K in the bank doing absolutely nothing and I want to get the best bang for my buck in terms of properties/investment.

I figured that if I am able to invest 100K outside my state, I would be able to buy several properties and put them to work for me compared to just buying one here in NY.  I am still new to this and learning as I go, but I have decided that this is what I want to do and would like to dedicate myself to this to be able to provide a better future for my family.

Thank you and looking forward to your answers!

Gabriel