Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 3 years ago on . Most recent reply

User Stats

11
Posts
4
Votes

Would you recommend first rental be local?

Posted

Hi all, I just joined here. My husband and I have been wanting to get into real estate for some time and started with hopes of self storage but decided after a year of trying to purchase in that market to move over to other real estate! Excited to be here. 

My question is this: (and thank you for any advice you have to give me!), would you recommend your first rental property be in your local market? We are having trouble finding a "deal" in our area. Everything still seems so overpriced to make the numbers work! If not, do you have any advice on finding a market that is more doable currently? Thank you, and I apologize for sounding so amateur! 

Most Popular Reply

User Stats

13,520
Posts
19,618
Votes
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
19,618
Votes |
13,520
Posts
Joe Villeneuve
#5 All Forums Contributor
  • Plymouth, MI
Replied

Ideally, but being local isn't a requirement.  Making money is.  If local doesn't make money, don't invest there...and don't rationalize a bad deal just because it might be local.

Loading replies...