Lender · Stanton, CA · Member since 2017 · 30 posts · 2 votes
I am 31, I just got married 4 months ago so no kid just yet. I own my primary residence in Orange County California and 1 rental property with positive cashflow in Palm Spring.
I am a mortgage professional who just recently quit working for corporate (Loandepot) and become basically self-employed with a local broker office.
And I really want to expand my path to real estate investment.
My savings isn't amazing so I only have about $50,000 cash.
I would like to keep local (within an hour drive) of where I live however homes here are quite expensive.
Therefore, I am thinking about investment out of state.
What do you suggest? Which state is the best for rental property with moderate risk and with good return?
I am looking for a mentor or someone to JV with to get thing started.