Beginner Investor: Start in-market then go out? Does it matter?
Hey everyone - I'm relatively new to the real estate game, but have done 1 flip and working on another BRRR right now in my local market (Central IL - Effingham). My question to the group focuses around investing out of market: does it make sense to get a few under my belt before going into other areas? Get familiar w/ the BRRR strategy, being a landlord, etc.. Or does that not really have any impact?
Being in Illinois, the Indy/Evansville markets seem intriguing and are relatively short trips where I can do some site analysis and physically visit potential locations. My reservations are the things I mentioned above and not having a real understanding (yet) of those "target" markets.
Any insight is appreciated and welcome any investors in those areas (Indy/Evansville) that would be interested in talking to let me know!