Investing Out of State?

[Robert Bergeron]

Hello everyone, I'm a realtor with KW and currently work with some investors from Utah. They've found that their money goes a lot further here in Louisville, KY than it does in Utah. Here you can buy a multifamily unit for as low as $25,000. We also have some flips in the higher price range, that have great margins. What are investors doing in your area with the low inventory? Have you thought about expanding outside of the state? 

[Tyler Blackwell]

Capex items can be a killer in the land of the $30k property. A roof still costs the same in Louisville than it does in Utah (or anywhere else)...

I know you're not supposed to bet on appreciation, but I imagine that the north Utah area is going to rapidly appreciate in the next few years. Cash flow is definitely important, we'd all agree on that, but if you can get some cash flow in Utah and awesome appreciation, I think I'd personally prefer that to Louisville, where things can cash flow well but the market is static. But everyone invest differently :)