Out of state for beginner

[Alex Altamirano]

Hi BP. I'm a beginner who hasn't done a deal yet. I'm looking for opinions on investing out of state for my first property. Ideally, would like to start out with something local to me. But, home prices are relatively high near me (Long Island, NY) and I know there are cheaper options elsewhere. Would attempting an out of state deal for a first-timer likely be a mistake? Thanks!

[Scott Allen]

@Alex Altamirano Many people often have to start investing out of state on their first ones because their local market is too expensive to get started in / doesn't make sense at all. Your main thing that you want to focus on before investing out of state is researching 3-5 different markets before picking one that you want invest in. From there, you'll want to focus on building your core four - excellent realtor, great lender, good property manager, and reputable contractor/s