Where to invest out of state?
I have $50K set aside to invest in real estate.
As I live in LA, I'm looking to be a remote investor, looking at more affordable markets.
I'm only interested in buy-and-hold properties for rental income (and appreciation, of course).
I'm thinking the move might be to get two properties, around $125K each, and put 20% down on both properties, instead of just one.
Looking for suggestions as to the markets I should be looking into, thoughts on turn-key investing, and any other advice you might have!
Thank!
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I purchased a duplex in Indianapolis for 90k that already had both sides rented for $1250. Not a killer deal, but you can wrap it up for $25k down and do 2 of them. Two to start, a great kickstart to a cashflow portfolio.