drawbacks of investing in a out of state rental as first property
Hello,
in many areas i have research, show prices are much more doable than where i am located (north jersey) while i keep searching for my duplex to house hack here, would it be wise to buy an SF or duplex in a market like Orlando or Jacksonville or even NC where job growth and property taxes are low and numbers work out better for cash flow instead of holding cash?
i read many books and wanted to get the first-hand experience from people who are doing this now or have done, what recommendation do you have? i want to be able to use the funds i have now, the main goal is to cash flow an 8% cocr.