Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

3
Posts
3
Votes
Gabriella Cerda
  • Rental Property Investor
  • NC
3
Votes |
3
Posts

Should I Buy an Investment Property in Another State?

Gabriella Cerda
  • Rental Property Investor
  • NC
Posted

I should mention that the state that I would be buying in, is a state that I will be moving to within 1.5 years. 

I am an amateur investor and currently using as many resources that I have available to learn as much as I can, as fast as I can. I have a lot of family members who are experienced with investment properties but I want to venture out on my own (at least in the beginning) so I can truly understand the in's and out's. I don't want to rely on anyone's advice and I want to make sound decisions for myself and my future. 

I currently live in North Carolina but I want to buy my first property out in Texas (near the Dallas area). I plan on living on this property for the first year because my current income wouldn't support buying my first investment property and my first home. Plus, I recently learned about "House Hacking" and this sounds very enticing for a first-time buyer. I am very interested in duplexes, triplexes, or even a complex with more than three doors. 

My question to you is do you think it would be a good idea to buy my first investment property/first home BEFORE I move to the state? 

Thanks!

Loading replies...