First Investment Property

[Samuel Cohen]

Hello, i am very new to investing I am only now looking to purchase my first investment property. I live in las vegas and home prices have skyrocketed. I am having a very difficult time finding a property that can cash flow positive. Alternatively, i have looked in the midwest states and it seems there are many properties that have positive cash flow potential. Can anyone advise me if i should look to invest in the midwest being so new? Or perhaps I am missing something not finding a good property in las vegas at this time.

thanks,

Sam

[Stephan Kraus]

@Samuel Cohen

i just replied to your Instagram message when i got the keyword alert about "vegas" 😂 (you need to set those up!)

..these guys above are correct! Although i believe if you're completely new and plan on contracting out most of the work, its more important to study the areas, network and vet your people than to worry about the WHERE - theres certainly upsides for focussing solely on markets outside your own, its certainly doable and a lot of people do it, even (or maybe especially) when your starting out, the added risk can be minimized and downsides you cant eliminate may be worth the upsides. It really all depends on your personal situation, goals and skills.

@Jonathan Greene loved your answer! Watch out, Sam's kind of a BRO though! 😘