good locations to start doing research in

[Sean Kaczmarczyk]

Hi Everyone,

I'm relatively new to real estate investing, and I'm considering whether I should look at investing in-state or out of state. With Colorado being such an expensive market, it seems like the cash flow and appreciation would be good; however, it has a high entry barrier. When I look at out-of-state investing, it seems more attractive due to the lower barrier to entry. What are some places I can look for market research regarding out-of-state investing vs. in-state investing? And would it be recommended to start investing in-state to develop a base, or jump right into out-of-state investing? Thank you.

[Syed Ahmed]

Deciding whether to invest in your state or another state is a big choice. For other states, check BiggerPockets forums, local MLS listings, city websites, and market reports. Networking with local investors and property managers can give insights you won’t find online. Many start in their own state to gain experience, but with research and a solid team, investing elsewhere can work. Feel free to connect if you want to discuss more ideas.