Investing in smaller markets
I live in Lake Charles La. and right now we are a couple of years into an economic exspansion and the big boys are building houses like crazy. I want to invest in buy hold real estate but the prices are currently high in this sellers market, but I think that soon the market will be flooded with homes, therefore as a newbie I don't want to get stuck with over inflated property. So I am thinking of investing in the smaller surrounding communitues or should I do like the Texans "go big or go home?" Any thoughts or suggestions to this or comments on similiar scenarios?