Newbie Question
I'm a total newbie to real estate investing. So far have done tons of reading online, but haven't taken any steps to start investing. Went to a couple foreclosure auctions, just to see what I could learn.
Have a question for everybody...
Any opinions and/or preferences on which states are best to invest in? Which states are the best/worst for people investing in foreclosures, tax liens, mobile homes, etc. etc.
I know i've read Texas is THE state for tax lien investing.
Just wondering if anybody has any opinion one way or the other.
Thanks
I would stick to your home state. Investing in real estate is knowing your area, having local contact etc.
Unless you want to travel a lot, keep your properties close.
Thanks for the reply. That's my plan to stick to one area. But we are planning to move in the near future, we've only been here in GA a short time, haven't really gotten established or made any "contacts" yet. Just trying to get an idea if there are any big differences between the states as far as real estate investing. It may be the deciding factor where we end up settling down at...
Well there might not be the states that would be the factor as much as the locality of the area. Areas will be "hotter" than other areas. The best would to attend a local REIA meeting and find out where other investors are investing at.
I would try and focus on the top 2 real estate methods you want to try and look for those "hot spots" in other states...then you'll feel comfortable with what you know and where you are!