Updated over 8 years ago on . Most recent reply
Choosing where to invest
Hello everyone and thanks for taking the time to read. So I'm in a bit of a dilemma. I want to invest in real estate but can't decide where. I'm still fairly new to REI and its become my primary interest vs some of the other things I've been involved in. I live in Southern California where everything is a bit pricey, but I could potentially get into two 8-10 unit buildings with the funds I have available. However, I continue to read on the BP forums that much better deals are available out of state, with more units and better returns etc. I just wanted to get some opinions on this as I'm sure there are many people who have dealt with this before. I realize that the areas that I'm looking at in California (Long Beach and Orange County) are fairly solid markets and the properties are turnkey, however I'm sure that I could get a similar 40-50 unit building elsewhere with what I'd spend on a 8 unit building in So Cal. Forgive my lack of knowledge on the subject. Just looking for help. Any help/feedback in appreciated! Thanks