Out of State Investing

[Vidal Gonzales]

Hello Everyone,

I wanted to get some advice on investing out of state. I currently reside in California, and it is more costly for me to get started in my area. I am considering looking at properties in the Milwaukee market. Since I am new to real estate and looking to buy my first property, any advice and tips would be greatly appreciated. I look forward to seeing your responses.

[Zach Lemaster]

@Kit Elliott

I think there is some definite opportunity in Omaha, but this is not a market we've explored in great detail. Really, I can't a find any market that beats the overall cash flow, immediate equity & appreciation I see in many parts of FL. Especially with new construction. All of our projects in the $300k range for new build SFRs rent out at >$2,500 allowing for double digit ROI and have $50k to $150k of immediate equity we either sell for a gain or cash out refi to be net zero into the deal. This would be like a BRRR for new construction (build, rent, refinance, redo....retire)!