Where should I invest?
Is it ok to invest in a city/state you’re not familiar with if you find a good deal?
Most Popular Reply
I think that its okay but you should definitely learn about the city you plan on investing in. Also i'd look for a agent whom really knows the area well. I plan on buying a MF building out of state for my first buy because it is more affordable. Im going to do a drive through a city I want to invest in this weekend to get a general vibe of the area. Speak to locals see if they notice any changes in the area as a whole for better or worse. If it is a city I wouldn't feel comfortable living in myself I'd probably think twice about it. Last I would make sure that the good deal is a good deal in that city. Just because it's a good deal in your city doesn't necessarily mean it is in another.