Owning Properties In Multiple States...

[Bryce Nurding]

Hello. 

I own two properties in Florida. Now stationed in OKC (military).

I intend to buy more properties. Originally firm on only buying in Florida so that I have economies of scale with rental management, more simplicity in life as I'd be dealing with fewer contractors, management companies, disasters...

Problem is I can grow faster investing where I am now. Aside from 0 down financing as active duty... Can get sweat equity. Have diversification being in multiple markets... See long term potential in my area in OKC. Will be here several years...

thoughts?

[Bryce Nurding]

Originally posted by @Dave Spooner:

@Bryce Nurding The economies of scale will be far outpaced by the work you can do while you're stationed in OKC. I'd start there. If you need to in the future, you can always sell them and 1031 to some Florida properties.

 Thanks for your response. I believe you are correct. If I end up with too many too spread out I can 1031... Sweat equity is a much faster path to equity too...