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Updated over 4 years ago on . Most recent reply

User Stats

19
Posts
9
Votes
Stefon Pegram
  • New to Real Estate
  • New York
9
Votes |
19
Posts

Which is better investing instate vs out-of-state

Stefon Pegram
  • New to Real Estate
  • New York
Posted

The states that I've been looking at are 

Nevada 

Utah

Arizona 

Washington

Texas 

Florida 

Colorado 

 Oregon

Toronto 

Ohio

Georgia 

 North Carolina

Chicago 

 Michigan

 Indiana 

Tennessee

Most Popular Reply

User Stats

95
Posts
65
Votes
Ryan Xu
  • Real Estate Broker
  • Bellevue, WA
65
Votes |
95
Posts
Ryan Xu
  • Real Estate Broker
  • Bellevue, WA
Replied

If you're new to investing in real estate. I will recommend just keep it local.

Pros including but not limited: 

1. you know the area better;

2. you know more people that can help you;

3. easy for you to manage;

4. easier to manage by yourself, you'll also learn more while you managing

There always be new problems or challenges occurring every time you make a new investment in real estate even if you're experienced.

The only cons might be that you have to take lower cash-to-cash ROI on paper compare to other places. The grass always looks greener on the other side.

Experience, cash, equity, leverage, and time, that is all for this business.

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