New but looking Out of State...
Hey Folks,
This Whole “Educational Phase” of my RE Investing gets better each day!It’s a ton of work – Passive Income you call it? - But I’m excited and laser focused like I’ve not been in a while! SO MUCH INFO ON BP! Plus I’ve met some amazing people is a very short time!
My first deal is in the works; picking up a Primary residence for a bit and House Hack as I go.Finding a place that's a "deal" and still nice enough for my Son and me is challenging but the rest is easier, I have a great business, good Credit, VA, FHA, etc. at my disposal.
Now I'm looking forward to my next move and I'm really liking the strategy of Buy/Hold, Rent for Cash Flow.I've attended a couple of REI meetups already and everyone keeps telling me our area (Sacramento) is just too hot to find deals.
I'm going to take the advice I heard @James Wise give in a podcast and hit my area hard first and give it at least 6 months to a year, But I'm thinking maybe investing out of state might be a good alternative for a while.
Are Out of State deals a viable option for a New Investor?
Doyle