New to investing. Should I buy out of state or in state?

[Shelby Turner]

Hey BP!

I’m new to investing and I’m weighing my options on which route to take for my first deal.

I live in Southern California so prices are high, but I’ve been planning on purchasing a property in the Lake Arrowhead/Big Bear area to use as an Airbnb.

Recently I’ve been looking more into the idea of buying a tenant occupied property out of state, as they are more affordable and investment property loans are harder to acquire.

Should I use my current savings and buy something out of state even though it won’t generate as much cash flow, or should I continue to save, wait it out and buy the California Airbnb?

Any advice helps!