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Luis Moreno
  • Oceanside, CA
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Buying investment property out of state for my first rental. Is this a good idea or a bad one?

Luis Moreno
  • Oceanside, CA
Posted Mar 26 2015, 23:37

Hi I live in San Diego and all the real estate over here is very expensive. I read that you have to start small so I was looking into buying a property out of state around 20K-30K cash then taking a small loan for the renovations that would be needed to make the multi family home rent ready. I know I will need a property management company. Do you guys think this can work if I don't live near my investment property?

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