All Forum Posts by: Nick Z.

Investing out of state is certainly riskier. You'll do most of your dealing/ operations via phone. Which means you are trusting people to complete renovations, manage the property, etc...

It doesn't only depend on the level of risk you're willing to take but also on your ability to find reliable contacts.

Starting out in REI, I'd recommend investing locally. This way if anything goes awry you can get in a car and fix it.

@Jose Barberi

Absolutely. The lower the rate the better the cash flow.

As with any buy and hold it really comes down to CF after all expenses, factoring in vacancies and CAPEx/maintenance reserves. Determine what is an adequate CF for the area your investing and compare to the properties your looking at.

One thing to consider with condos is the HOA... rules to follow and monthly fees to pay.