Investing in Rental Properties

[Kameron Holloway]

Should I invest locally where it's expensive or invest out of state somewhere cheaper like texas? Keep in mind I am a new investor and have no experience.

[Jonathan Taylor Smith]

@Kameron Holloway - Wow, that's a tough one... I invest in the area I live, but I started when things were cheap here. I still invest locally (just bought one here on Thursday), but I'm also looking to invest in other areas where the numbers are likely to work better in the current market. So my $0.02 says to invest where the numbers make sense primarily. You don't have to be near your properties to be successful.

But I also have to mention that I learned a ton on my first deals that were only 20 minutes away from where I live - and that learning curve might have taken longer if they were remote. But still, invest where the numbers make sense, and don't close your eyes to your backyard. There are always deals to be had everywhere - and you won't find them if you're not looking.