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Updated about 6 years ago,
Deciding on Investing Locations
Hey,
So I have been wondering if it is wise or unwise to purchase rentals in more than one geographic area. For instance, I am currently finishing up my degree program in NY. When I am done I will be looking for a job anywhere, with no idea where I might end up. I plan on starting out doing both my job and investing with the hopes to one day be able to go full time in real estate. I will be here for at least another year and a half and I personally am getting tired of renting. Once my lease is up I would love to purchase a duplex. Thus, would It be wise to just wait and see where I end up, or should I find something here even if I would only be in it for a year before I moved? Also, would it then be okay to be who knows how far away from the rental? I would appreciate everyone's advice.