Is it safe to purchase real estate investments out of state? Should you be worried about what could go wrong? What should you consider before purchasing a property that's so far away from where you live?

These are really common questions as it comes to real estate investing. So let's talk about the truth.

Many investors are initially hesitant about purchasing a property

outside of their home state, but as long as you've got a few things covered,

your business can run seamlessly. After all, every property I own is not in my own backyard and many of those properties I never lay eyes on because I've got a great team that takes care of everything

But you might just be starting out and you might be nervous about this process.

I find that whether or not an investor wants to purchase out of state as a personal preference.

Now it can depend on a few things, right?

Like whether or not you live in a good rental market, you know, do you happen to live in one of the best rental markets in the country?

If you happen to live in one of those spots, then of course you might want to buy a property in your own backyard,

but chances are you probably do not live in one of the best rental markets in the country.

And your philosophy on property management might also be a factor in all of this.

Maybe you personally want to manage properties yourself

and take on that additional workload.

It is another full-time job to manage properties.

Now I do know some investors who have had luck purchasing properties close to home and managing these properties on their own.

But most investors that I know want a passive experience.

After all, when you do that, when you go out and find properties in your own backyard, deal with all of the renovations yourself, hiring contractors yourself, managing all of the permitting process and everything else that you have to go through, not to mention then once that's completed, then placing a tenant in the property, doing background checks, criminal background checks, everything else that you have to do to become a property manager, you can see how pretty quickly this becomes another job for yourself, right?

That's certainly not something that I want as an investor.

I do not want to be creating another job for myself.

So if you want to start building a passive income,

you're going to have to go where you'll earn the highest returns,

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