Newbie and eager to learn.

[Mannie Ijeh]

Hello friends!

I am new to the BP community. I've been a non-active member since registration and that's because I needed to realigned somethings to allow me to get ready and focus. Now that's done. Yay!!! So been reading some books, such as Rich Dad Poor Dad and The Millionaire Real Estate Investor, about how to invest in real estate as well as the Dos and Don'ts. I'd appreciate any tips for a newbie like myself.

Question - As a starter, do I only look into areas in my state of residence for a deal or is it okay to look outside my state of residence?

Thanks and looking forward to be part of the BP community.

[Jonathan Orr]

@Mannie Ijeh welcome!

As far as investing in Real Estate and geographics it really depends on what you want to do.  For myself I am in the development of larger deals.  I tend to look all over the country because the distance can be worth the money saved.  For example a property to build on will be cheaper in Oklahoma for me rather than California, which is where I live.

However if you are thinking about investing in fix and flips then being close would be beneficial since you are going to want to have eyes on the property constantly.  It really depends what path of Real Estate you want to pursue.  

Always here to help and if you ever want to try out CA let me know!