New to investing... Deciding on a market

[Ronald Abda]

Hello BP, Newbie here... I'm looking to start out of state investing since south Florida's market does not have the returns that interest me. I have been eyeing up the SFH and MFH market in both the Greensboro, NC and Louisville, KY area. I am planning to finance the home and hire a property manager to manage it. If anyone on here can point me in the right direction on information to these markets or recommendations of investor friendly realtors in these cities that would be very helpful, thank you!!

[Ned Carey]

@Ronald Abda welcome to BP. My belief is it is always best to invest near where you are. Knowing your market is a key to being successful and that means actually going to that market and seeing it in person. The farther you are from home the higher the cost and risk to invest.

Yes I know the FL market is expensive but FL has poor people too. They have to live somewhere. You may have overlooked markets that are within driving distance.

If you do want to invest out of your area, look for an area that is growing and is pro-growth. Jobs drive population and population drives rent and housing prices.