Start in NH or wait until I move?

[Ben Leary]

I am currently saving for a 4-plex/multi-family OOI that I would get in November of 2021 when my current apartment lease is up. This would be my first property investment. I am also going to school full time for finance at SNHU and will be graduating with my 4 year degree March of 2022. Me and my girlfriend were talking about potentially moving to Texas after I finish school. This has been something I have wanted to do for years. The abundance in jobs and inexpensive properties there are what makes Texas particularly appealing to me.

My question is: should I get my first rental property in New Hampshire or wait until I move to Texas so that the property would be closer by? I have read that long distance rentals come with complications.

[Shane Cloutier]

Long distance can have complications, those can be lessened (not eliminated) with setting up a strong network of property management teamed with book keeping and accountants. The work to vet those and setup a strong support network will add to the experience the others mentioned before. You could hit Texas with money flowing into your pocket and the skills to setup a brand new market to profit off of.