New Member - Exploring Out-of-State Rental Opportunities (CA investor)

[Christopher Rubio]

Hello Everyone,

I am new to BiggerPockets and excited to connect with like-minded investors. I am based in California but looking to invest in out-of-state rental properties to take advantage of better cash flow and more favorable price-to-rent ratios.

Right now, I am particularly interested in :

Markets with strong demand

Properties under 80k-125K (single family or small multi-family)

Areas with steady job growth and landlord-friendly regulations

My background

• I am a military veteran. I have also been in the federal sector for nearly 15 years and am now wanting to build a portfolio for long-term (supplemental) income and early retirement.

• I have research in various area such as Memphis, Cleveland, St. Louis and open to other suggestions.  To be honest I don't know what I am looking at.  

• My biggest hesitation is building a team especially being an out of state investor and finding people I can fully trust.

What I am hoping to learn from this group:

• How you have approached team building from a distance (agents, property managers, contractors, etc.)

• Mistakes to avoid as a new out of state investor

• Recommend neighborhoods or cities you have had success with

Overall, I am here to learn, share my journey and build relationships that lead to win-win deals. I hope one day I will be on the other end of a similar post like this providing new investors my knowledge and insight in real estate investing. Looking forward to connecting with you all!!

Chris R