Out of State Investing

[Albert Torosyan]

I reside in Los Angeles CA and its very difficult to find Cash Flow Rental Properties due to low inventory and high Prices 

I would like to ask you if you were to invest in different State other than where you reside 

How do you choose the right location, real estate agent and Property Manager 

thank you in Advance for all your inputs 

[Adriel Hsu]

It seems like cashflow is your concern. I would look for stable cash-flow markets that are more resistant to downturns.

I have rentals in the Beaumont - Port Arthur, TX area that I found to be a great cashflow market.  Very insulated pocket that was not affected much in 2008 and barely any effects now during covid.  The only downside is don't expect much appreciation.

I regularly see ~1.5% deals in the C class areas.  

I have a 4plex i am about to sell in Beaumont to upgrade to a 20-unit if you are interested.