Why buy out-of-state?

People often ask me, “why should I buy income properties in other states?”. Hear are a few reasons why I think it is a good idea:
Price sometimes limits the neighborhood in which you can buy. Other States offer quality neighborhoods with great schools at surprisingly low home costs.
Also, the cost can be is less for better quality homes. With nicer homes in better areas comes better equity positions. The key here is the Point of Sale requirement. which is limited only to certain locations.
It is also important that the area offers higher rents with more tenants. We look for 35% to 45% renter population.
Quantity of product is also essential. The more properties you have to choose from, the better chance you have of finding that “gem”.
Also buying in other states amortizes your risk. Real estate tends are cyclical and regional. The more areas you own in, the more secure you will be in your success.

--
Brett young
Valley Realty
Owner/ CEO Roof Top Investment
Real Estate Investment
http://www.rooftopprofitmax.com/