Updated over 4 years ago on . Most recent reply
Still working towards first deal… any words for a newbie?
Hey Guys,
I am within a year of my first deal (I believe) and I am torn as to weather I should purchase a cash flowing multi family within 200 miles of where I live or brrrr long distance.
I know with the brrrr strategy I would be able to recycle capital and do more deals in a shorter period of time. On the other hand I question whether out of state investing is the best option for a first time investor.
If I do invest local I can replace my capital by saving for a year and a half…
does anyone have any insight?