My own backyard is too expensive... How do I assess other markets for investing?

[Chaunna Henry]

Hi!

I'm a new real estate investor. I currently live in NY. As many people know, it is very expensive to live and own properties here within the 5 boroughs and long island.

I have about $30K to start investing with. I've been looking in areas with a maximum of 3hrs travel time outside of my current area.

My biggest road block has been assessing these unfamiliar areas. How do I know if its a dangerous area? How do I know if the properties will be easily rented? How can you know if its an overall good area to invest in?

Any advice on steps to take in choosing my first investment area? I am specifically looking at multi-family units (2-4 units)

Thanks,

CMH

[Ellis San Jose]

@Chaunna Henry

I think you missed Aaron's point. If you can find an opportunity then YOU get the $250k assignment fee.