Investing far away?

Question

I live in California so this housing market is not very beginner friendly. How should I go about trying to find deals out of state? I have been looking at Logan UT. I'm specifically looking for a place to house hack while I go to college.

Nicholas L. · Answer

@Drew Herzog

if you can house hack while you're in college, that's great.  then when you graduate, house hack again.

there's no point in buying a random rental thousands of miles away instead of house hacking.  you will just lose money.

good luck

Nathan Gesner · Answer

Read "Long-Distance Real Estate Investing" by David Greene. That will give you enough information to be dangerous.

Samuel Diouf · Answer

There are some great opportunities in the Ohio markets. Many investors from California are choosing to invest in the Midwest because of the low barrier to entry and yearly cash returns making more sense in these lower priced markets. Ohio markets show up 3 times in Zillow’s 2024 hottest markets, with Columbus and Cincinnati taking the top 2 and 3 spots. I moved from Florida to start investing in Columbus because of the same reason.

https://www.zillow.com/learn/hottest-housing-markets-2024/

Kumar R. · Answer

Good advise @Nicholas L. It's not easy to manage everything remotely without boots on the ground especially when dealing with real estate @Drew Herzog

Jonathan Greene · Answer

I think you already posted this same question in another post. No housing market is beginner-friendly. Beginners shouldn't invest because beginners haven't done the work. You can gain knowledge to take you out of being a beginner to make that purchase, but yeah, you are priced out of CA to house hack as I said in the other post.

Investing far away?

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