Re: Out of state real-estate investment advice
I like the thought of buying raw undeveloped land and holding on to sell at a profit. The housing laws vary from state to state and you can get burned by bad tenants. Here in NYS it can sometimes take months to get a dead beat tenant out. All the while you are losing money. Then of couse NYC has rent control which is another kettle of fish altogether. Best to do some serious searching for info! Best of luck!
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