Remote Investing and Choosing Market

[Joaquin Meraz]

I live in the Bay Area where it doesn’t really make sense to invest in rental properties. I have a few homes in the Central Valley but even that area has gotten pricey and difficult to cash flow.

I have been considering in investing remotely. My question is would it be better to choose a market and stick with it or scatter investments in different markets depending on the deal?

It’s tempting to jump to where the better deal is but for convenience, team building and market expertise purposes, I feel it might be better to find a market and stick with it. Thoughts?

[Gerald Harris]

I am orignally from the Southern CA area.   

I will tell you this:  It is much more attractive here in Charlotte NC and other places in the south like Atlanta GA to find and secure deals.   Once I come across a deal It just makes sense.  Run comps and see what rents are in the area.   Estimate the cost of fixing up.  The deals I come across in the area are typically win/win.    I can wholesale the deal, I can fix and flip it.  If it doesnt sale I can keep it and it will always cash flow.   

In many places in California it just doesnt work like that.   My interest now are in units.   2 to 20 units.   For cash flow reasons.   Study a market and build a trusted team in that market.    I know the LA market is heating up and some areas will always stay hot in CA.  

For you.   Check out Vegas!   I have someone who is doing well there :)

Also the High Desert areas of Southern, CA.    Many of the houses there are buy and holds for cashflow.