Originally posted by @Daniel Pak :
Im from so cal and trying to get started in real estate business, in it for the rental property business with cash flowing units. Was thinking of starting with sfh and then scaling up to multi family units. However, being that so cal is super expensive, my only viable options are out of state. Even still, i feel like markets that were once cashflowing (ie kansas city, memphis, etc) are now becoming excruciatingly difficult to find especially for first time investors like myself. What strategies do you guys use to find deals out of state especially if you are just starting out with no connections, and are there any hot markets out there in todays economy that has an abundance of cashflowing units? I am thinking if its better to just move my capital in stocks instead..
Yours is a common problem right now. I did a spreadsheet that shows how to make it in today's market. You might be able to implement this or if you have any questions, PM me and I'll try to explain.