Living in California; investing out of state...
I currently live in Southern California but am looking to invest out of state. The main reason is due to the housing market here, a lot of money only gets you a little and not much room for cash flow unless you are a cash buyer. Are there any investors from California out there who have been investing out of state? I was wondering how things have gone for you and the difficulty of managing a property located in another state. I have done quite a bit of research and I am strongly considering Las Vegas, due to the market, cash flow opportunities on a rental property, and proximity. Any thoughts on states near California in which other California investors have been successful? Thanks for your feedback in advance.