Out Of State Start?

sbacci profile photo

I reside in MA where real estate prices are through the roof right now. I have seen a few properties that I think would make great deals but the costs are still high and my starting capital is limited. I am brand new at this but I was thinking the limited money I do have would go a heck of a long way in states other than my own. I am so jealous when I see others being able to grab property at such low prices. Would anybody recommend doing your first deal out of state? I see in other posts that people are open to it, but wanted to get some opinions on how it could work. I think it would be tough managing your investments from afar especially your first one.......Thanks in advance for any replies! smile

Comments(1)

  • bansal6th November, 2003

    As someone who used to live in Reading, MA I feel your pain... Keeping tabs on an out of state property is tough, and you would have to go pretty far outside MA to find "cheap" deals. I have some loan programs that could get you an investment property with almost no money out of your pocket, even with relatively high property values. Send me a private message if you are interested. Thanks.

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