New investor interested in out of state RE. Any advice?
Hey guys! I've recently got into real estate investing and would like to get some more advice. I'm 25 years old and currently living in North Jersey. My main interest is in brrrr strategy and creating cash flow. The problem is that the market here is too expensive and it's almost impossible to make positive cash flow on rental properties. Thus I've looked into several properties in other states and they seem more affordable. Is it too risky to get into out-of-state RE as a new investor? If anyone can help me with advice, I would really appreciate it.