Out Of State Investing Vs Foreclosure investments

[Chris Reyes]

Hello everyone,

I live in Colorado which has seen a huge influx of housing prices in the last several years. Fortunately I was able to buy my first property around 5 years ago and have developed a significant amount of equity. I have made the decision to sell my property in the next few months and I am at a crossroads. I have done a great deal of research into foreclosures and was thinking of using this money to turn the sale of one property into multiple foreclosure properties. However, I have also been entertaining the idea of possibly investing into out of state properties, such as a multi-family or even a small apartment complex.

My question is, what has been your experience with either investing into foreclosures and/or out of state investing? Pros and Cons for each?

The motivation for selling the house is to reinvest the money into more properties, become a better real estate investor, and of course obtain the holy grail of increasing my overall Cash Flow.