First Time Out of State Investing

[Salvatore Calabrese]

Hi,

I'm looking to start investing. I found a few multifamily properties in Akron and Toledo. Any insights on the market in those areas? A couple of the properties already have tenants. Is that usually a good or bad investment? Is it better to find a multifamily that is vacant? 

Thanks!

[Nicholas L.]

@Salvatore Calabrese

when you say you "found" them... are they just listed on the MLS? If so, you didn't find them, and if they're just sitting there, it means everyone else who saw them passed on them.

are you located nearby?  or are you out of state?  if you're out of state, proceed with caution - many new investors purchase in a faraway market based solely on purchase price and then lose lots of money because they didn't understand what they were getting into

hope this helps