Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Classifieds
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 10 months ago on . Most recent reply

User Stats

3
Posts
5
Votes
Rahul Rawat
5
Votes |
3
Posts

Looking for first rental investment property, is out of State a good idea?

Rahul Rawat
Posted

We are looking to purchase a rental property with a positive cash flow, we reside in Jersey City and all the properties seem to be either out of our budget or not having a positive cash flow potential.

So as an alternative, we are considering purchasing out of state potentially in Florida or Texas. I wanted advice if, this would be a good idea as a first-time owner.

As a first step, we are thinking of finding a good agent in the areas we are interested in. Should this be the first step and if so what is the best way of finding a good agent?

Which areas or states would be a good opportunity for a first-time buyer and what are some basic things to keep in mind and be prepared for while buying the property and also during the first year?  

Most Popular Reply

User Stats

621
Posts
626
Votes
Kerlous Tadres
#3 New Member Introductions Contributor
  • Realtor
  • Columbus, OH
626
Votes |
621
Posts
Kerlous Tadres
#3 New Member Introductions Contributor
  • Realtor
  • Columbus, OH
Replied
Quote from @Rahul Rawat:

We are looking to purchase a rental property with a positive cash flow, we reside in Jersey City and all the properties seem to be either out of our budget or not having a positive cash flow potential.

So as an alternative, we are considering purchasing out of state potentially in Florida or Texas. I wanted advice if, this would be a good idea as a first-time owner.

As a first step, we are thinking of finding a good agent in the areas we are interested in. Should this be the first step and if so what is the best way of finding a good agent?

Which areas or states would be a good opportunity for a first-time buyer and what are some basic things to keep in mind and be prepared for while buying the property and also during the first year?  


Hey Rahul, 

I own 4 doors out here in Columbus, Ohio that cash-flow very well. There is a ton of upside of investing in Columbus with companies like Intel, Google, and Amazon coming here. Would love to help you get started and see how I can help you out!

business profile image
Kerlous Tadres | Reafco Real Estate
5.0 stars
19 Reviews

Loading replies...