Anyone out there investing in Rhode Island? Good or bad?

[Dillon Marshall]

living in Rhode Island looking to invest. Trying to decide whether to invest local or out of town

[George Gifford]

Hi Dillon, I’m another Rhode Island investor.  When I started investing during the crazies of the 2000’s it never occurred to me that I should consider anywhere other than the Town I lived in (I’m in Cumberland).

But even though I’d lived in the Town for 15 years, I hadn’t been an investor up until then.  I was just another resident.  I frequently say this: “you’ll never really know your town until you know it as an investor.” After you start seriously looking at properties, you’ll be amazed at the feel for the pulse of the Town that develops. By looking, I don’t mean on line. I mean walking-in-the-door looking.  There were numerous times I looked at properties just for the sake of looking, knowing I had no interest in buying the place. And I did one to three properties a week.

Visit properties. Visit properties. Visit properties. It takes a lot of time. Eventually, you’ll get a feel for what a good deal is, and you won’t care about whether you should be investing in your state or not.

George