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All Forum Posts by: Joshua Sparrow

Joshua Sparrow has started 1 posts and replied 2 times.

Starting Out

Post: Better to invest locally if you can?

Joshua SparrowPosted
  • Posts 2
  • Votes 0

Thanks for the input!

0 Votes
San Luis Obispo, California
Starting Out

Post: Better to invest locally if you can?

Joshua SparrowPosted
  • Posts 2
  • Votes 0

I have $125k from an inheritance and am looking to buy my first investment property ASAP. My local market is steadily growing with tech and aerospace industries and has always been a big tourist destination. Being on the coast of California though, entry level prices are high.

I could potentially find a property 30 minutes inland for about $500k but wouldn’t have much left for rehab or reserves. I also have a great network of trustworthy people I could easily build a team with.

Would it be better for me to put all my money into a small property locally and utilize my existing network, or should I buy out of state and have more flexibility to BRRRR and scale up quickly?


0 Votes
San Luis Obispo, California