Out of state investing
So I would like to generate as much feedback as I can on this and I sincerely apologize if a lot of this has been covered in earlier posts. I am a newish investor in Southern California I have two Multi Family units out here and I want to expand my investments but the costs and cap rates here are prohibitive. Liquidity isn't really an issue as much as bang for my buck. I have done a lot of research into out of state markets but have held off due to some worries about management, lack of info, etc.
Could some of you with experience provide me with any feedback ranging from the best areas to look into, the best strategies (I am open to anything from more rentals to flips and beyond) and of course the possible pitfalls with out of state investing. Any insight on the best way to get started or turnkey companies you have used would also be greatly appreciated!
Most Popular Reply
Investing where you are at is fine however if you want cashflow you have to go out of state.