Investing in Syracuse, NY, at a distance
Hi all,
New to real estate investing and have yet to buy my first property. I am from the Syracuse area and am considering purchasing a single family home or small multi family house to rent there. I know the market and the prices of homes are relatively affordable with my current $7500 for a down payment. I wanted to reach out and talk about investing and managing from a distance. I currently live in Denver but am thinking about moving to Boston in the Fall. I don’t see myself being able to afford anything in the Boston area so going with Syracuse and a market I know seems like the next logical step. It’s worth adding that I am considering investing in the Denver area too. Is it a bad idea to invest at a distance for a first property? Should I take it slow and keep it local until I get the hang of it? Any suggestions appreciated!