Insight
Investing in your local market provides an advantage due to better knowledge of the streets, physical presence to observe the market, and access to local contacts.
Local vs. Out-of-State Investing: Where to Buy Your First Rental (Rookie Reply)
Summary
This article from BiggerPockets discusses the pros and cons of investing in short-term rentals in your local market versus out-of-state. It also delves into using a Home Equity Line of Credit (HELOC) for funding and the various loan options for BRRRR strategies, emphasizing the importance of aligning your investment strategy with your financial goals.
Key takeaway