Should I invest in my local market or go to outside markets?

[Jason Utley]

I personally prefer to stay local (DFW), Forbes.com ranked Dallas #5 and Ft. Worth #10 plus 3 other Texas cities in the top 10 of cities to invest in. Where do you invest and why?

[Glenn Mayo]

Speaking strictly for myself as a new investor, I think it best to stay not just within my own city, but within certain defined areas of my city. The reason is that it's easier to learn the market when that market is right outside my door, and the lessons I learn in my own market are easily transferable to markets further away from my home later on when I have more experience. Plus, when bad things happen - and they will - it's easier to deal with them when they aren't that far away from you.

Just my two cents.