Investing out of state.

[Jonathan Beaumont]

I am fairly new to investing and I wanted to know if it makes sense for a newbie like me to invest out of state. I am living in New York, however it is expensive to acquire rental properties. I was thinking of getting a rental property down south or in the Midwest area. 

[Justin Beides]

@Jonathan Beaumont Definitely a great idea to invest where the market makes sense and not to be limited by just your own. Three books to start I would recommend are No and Low Money Down by Brandon Turner, The Book on Long Distance Investing by David Greene and The Book on Rental Properties by Brandon Turner (and yes they are all BP books xD) Each of these will give you great advice to start with on financing deals with minimal cost, factors to consider/look for when going into rentals, and how to make long distance investing feel much more streamlined and doable. Hope this helps man!