Updated about 10 years ago on . Most recent reply
In-State vs Out of State
I am currently living in Southern California. Would it be better to look out of state for rental properties or in state? I am looking to start off in real estate investing and am not sure where to go? I know a live in would be better but more expensive.
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I am constantly amazed that there are LA investors that will hand their money over to complete strangers to help them invest in unknown markets in rust belt towns but they won't drive to Banning or Victorville to pick out their own $50-75k pig of a first rental.
It appears the #1 search term for wholesalers is absentee/out of state landlords yet we have people lining up to do just that. I am sure there are great turnkey companies out there but you are putting a lot of faith in other people with few options if things go bad.