Out of state or in state
Currently renting in San Diego and have about 170K sitting in savings. I have thought of moving to Phoenix to house hack a 4plex and use the stack method to start building up my portfolio. Acquiring doors in San Diego seems next to impossible in comparison to Phoenix or Nevada (the other two markets I am looking). Should I
Steer my focus in state to where I play the long game and buy a duplex locally, should I move to Phoenix? Are there other out of state markets? I also have a highly recommended property manager in Las Vegas. What route would you do to start building wealth? Thanks
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Welcome to Bigger Pockets. Most of us with experience will usually recommend to try investing in your backyard before looking at long distance investing. You have enough liquid for a down payment on a 1-4 unit here in San Diego. Local and out of area investors are buying properties in San Diego regardless of the market cycle. Let me know what I can do to help.