Advice on out of state rentals
Hello everyone! I'm very new to the real estate scene but have done a ton of reading including books, blogs, forums, podcasts, and more. I think I'm ready to take my first step past analysis paralysis. I'm from Denver, Colorado... The biggest problem I have is I only have around 80k-90k to work with and almost all of the investment properties here start in the area of 150k which means I would have to finance as opposed to properties in other states that could be bought outright for 30k-50k. As a newbie to the investing world, would you all suggest me start locally and wait wait wait for a good deal here, or start investing in out of state markets? I appreciate any input and advice! Thanks!!
Sam