Investing in an Unfamiliar Market

[Alex Saepharn]

I live in California.  However, I plan on starting my real estate investing journey with buy and hold rental properties out of state. Particularly in the Midwest region where the market is cheaper.  I feel like starting out with cheaper properties is a safer and more affordable  option for me at the moment.  California is so expensive..     I however am very unfamiliar with the Midwest and the housing market there.  So with that said, what is the best strategy to help  obtain knowledge in an unfamiliar market without having to personally visit all these states?  Obviously, we can get some information via the web but I feel like this is not enough.  Any thoughts?  

Thanks in advance      

Alex S.

[Ali Boone]

This is an old article but lays out kind of the two major ways you can buy out-of-state, and the only reason I share those two different ways is because each offer a different option for how to get the market knowledge-

https://www.biggerpockets.com/renewsblog/2012/12/2...

For the DIY method, you'll have to figure out how to get it (which I recommend people resources over internet stat resources). For the turnkey method, the turnkey provider really does it for you so assuming you work with a good turnkey provider, that part can be done by them and you can just verify whatever you need to.

Hope that helps!