Updated over 7 years ago on . Most recent reply
Pick your pain, local or remote?
As I reside in the Denver area, I am considering a couple of options. I want to get started NOW, but I perceive this local market to be difficult to find properties amenable to good numbers, so I am considering looking in other locales that have better inventory. So the question is: do I just keep running numbers on what I can find locally or take the scary step of working remote? My experience is in wholesaling, but I would love to flip and BRRRR.
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To me the risk isn't in investing remotely....it's investing in an area you don't know. Best option: if you are knowledgeable on an area that is remote to you that would also be good for investing. But yeah, I wouldn't buy properties in 'hot' areas that don't cash flow. Just my 2 cents.