Updated over 4 years ago on . Most recent reply
Out of State Analysis Paralysis
Hey Everyone! I am a newer investor from CA and am looking to buy/hold a small multi-family property (quadplex or smaller) out of state (cosmetic fixer would be preferred). I know the majority of markets out there are heavily in favor of sellers but I know there is still opportunity. I plan to finance the deal with a conventional loan (20% down payment) and am hoping to find something under $300k which I know limits my pool to choose from greatly. I would like to zero in on a decent market and then reach out to agents, PM's, lenders, & contractors (core 4). I then plan to fly there to tour the areas and meet/interview with the core 4 prospects. With all that said, I would like to get some opinions on good locations to invest and any tips on how not to drown myself in analysis. Due to my location in southern CA I have been focusing on TX, AL, & FL which seem to show some promise in regard to cash flowing properties. Any advice is greatly appreciated! Thanks in advance!