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Updated 10 months ago on . Most recent reply

Looking for first rental investment property, is out of State a good idea?
We are looking to purchase a rental property with a positive cash flow, we reside in Jersey City and all the properties seem to be either out of our budget or not having a positive cash flow potential.
So as an alternative, we are considering purchasing out of state potentially in Florida or Texas. I wanted advice if, this would be a good idea as a first-time owner.
As a first step, we are thinking of finding a good agent in the areas we are interested in. Should this be the first step and if so what is the best way of finding a good agent?
Which areas or states would be a good opportunity for a first-time buyer and what are some basic things to keep in mind and be prepared for while buying the property and also during the first year?
Most Popular Reply

- Realtor
- Columbus, OH
- 626
- Votes |
- 621
- Posts
Hey Rahul,
I own 4 doors out here in Columbus, Ohio that cash-flow very well. There is a ton of upside of investing in Columbus with companies like Intel, Google, and Amazon coming here. Would love to help you get started and see how I can help you out!
- Kerlous Tadres
- [email protected]
- (614) 490-1163
