New to real estate investing and want to explore out of state investing

[Deepika Prakash]

Hi all,

I’m new to real estate investing and looking to buy my first real estate property. Im looking to buy an out of state property. My goals are to diversify my portfolio, take advantage of the tax benefits of having a mortgage, and invest in a property with long-term appreciation potential.

Given my busy schedule, I’m hoping to take a more hands-off approach by working with a trusted local team. That said, I know how challenging it can be to build the right relationships and get started, especially when investing remotely.

I currently live in a high-tax, landlord-unfriendly city with sky-high property prices, so I’m definitely not looking to invest locally. I’d love to start small and smart, but I’m also feeling overwhelmed with how to choose the right market from afar.

Has anyone been in a similar position? How did you go about shortlisting and evaluating your market? Would appreciate any tips or lessons learned!

[Jay Hinrichs]

U will get all the columbus agents here shortly LOL

I am assuming you maybe in CA..

I thank many in CA should consider Nevada  either Vegas or Reno.

Might need a touch more than 20% down to cash flow.  But lowest prop taxs in the country.. newer homes mid west is full of 80 to 100 year old homes that can be money pits.. tough weather etc etc.

Reno is blowing up with Tesla and other companies expanding from SF Bay ARea.

No income tax .. as well.