REI from a distance: Strategize or Act?

[Tyson Hosey]

Hello BP friends!

I am from the St. Louis area and have recently moved across the country, right as my REI "career" is getting started, with plans to move back to my most well known market in about 3 years. I've been reading (bp forums), listening (to the podcast) and researching since I've moved away and I'm *beyond* eager to get started. HOWEVER. Being that I'm so far away from my target market, what do YOU think my best course of action is?

A) Strategize while I wait to get back to the market I know best so that when I get back I'm well-prepared to jump in with both feet and hit the ground running (insert your favorite cliche' here).

B) Act now so that I have a head start for when I move back

-Part B to the... Part B: if I act now, being away from the market I know best, what is the best course of action to take as an investor? If I were there, I would either be doing the BRRRR/live-in flip strategy or maybe even wholesale.

Thanks in advance! Happy investing!

[Jeff B.]

Using the carpenter's rule:  Measure twice and cut just once.

There's no merit badges for blind, ill considered action. Depending upon the REI path you choose, where you live and will invest, REI can be an expensive learning curve.

"Walk softly & carry a BIG stick".