Start out investing with buy and hold out of area?

[Bryon Kane]

Hello BP, I’m Bryon Kane, I am just starting out in real estate investing. Based in West Palm Beach FL, but looking to invest in other parts of Florida as well as Midwest. Wondering how smart of an idea it is to start out investment career with buy and holds out of my area/state? Or is it a as long as due diligence is done and a solid team built, its not a huge deal type thing? Any advice as to where/how to begin to take action would be greatly appreciated.

[Steve Kontos]

@Bryon Kane

I have been investing out of state for 11 years now and I can tell you it is very attainable.  I live in New York so I wasn't even going to attempt the ridiculous prices here.  Truth be told, I haven't looked back since I started.  I would much rather invest in areas that make a lot more sense in terms of rate of return.