Beginner Market Suggestion

[Nathan Prestwich]

Hello all!

My wife and I have decided we would like to get started in real estate investing and feel most comfortable with buying a rental property. I understand it's suggested to start with a market you know, but we currently live in the greater Seattle area, and as much as we love it here, it's a high price point to break into. So we felt we would be best served starting elsewhere, with condos in particular.

I have done some research on the subject  and some cities I see popping up in various resources include: Atlanta, Jacksonville, Tampa, Orlando, and Raleigh.

Any insight on the matter is greatly appreciated as well as out of market investing in general. 

Thank you!

Looking forward to the journey

[Michael Haas]

@Nathan Prestwich do you currently own your home in Everett / Seattle? Although investment loans with 20-25% down on Seattle prices is a high bar, you can get a great cash-on-cash return around here if you're willing to house hack or otherwise utilize low down payment owner occupant financing.

Also I agree with everyone else - don't buy a condo if you can avoid it. HOA's are vicious and many are hellbent on making out-of-state investors like yourself miserable.