Should I focus on finding my first investment out of state?
Hi Everyone - I am new to Bigger Pockets and looking for some advice. Hopefully, this is the right place!
I am currently living in New Jersey and finally working towards my first investment property (multifamily/Airbnb). With the high property taxes in NJ and how expensive it is to purchase, I am not sure if buying in NJ is the right move financially.
What are your thoughts on finding my first investment property out of state? Have you purchased a multifamily/host Airbnb outside of the state that you live in for your first deal? What advice would you have for being a landlord from another state, finding the right markets, working with agents/lenders, etc? Thank you a bunch for all your advice and insight.