First time home buyer!

[Steve Bob]

Hello everyone! I just had a few questions. I'm a newbie. Is it best to invest out of state for your first deal or is that too risky? My friend an I have some cash stored away an we are looking to invest but our area is kind of steep. We both currently reside in the Rhode Island area . We been looking out of state in Ohio . Seems like a great place to start building our portfolio an generating cash flow but I could be wrong  . We want to buy & hold  multi family an scale up from there. We both have w2 making about 80k each year. Any advice would be great. 

[Jay Thomas]

Hey Steve!

 As long as you do your due diligence and learn about the market you plan to invest in then you can and will be successful. My advice would be not invest "just because" you heard. Make you know everything there is to know about the area of interest, rental comps, cash on return, gentrification in the area etc. Once you find and establish a good relationship with a local realtor you're destine to win!!!