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
General Landlording & Rental Properties
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 almost 4 years ago on . Most recent reply

User Stats

1
Posts
1
Votes

Out of State Investing for Cash Flow

Michael Castillo
Posted

Hi all,

A few friends and I are trying to get started in our real estate investing journey and want to focus on cash flow from rental properties. Unfortunately, we live in Southern California, and we don't have the resources to pay a 20% down payment on a house. So we are considering investing outside of California to generate stronger cash flow from Day One.

Do you have any advice? What should we consider when looking at out-of-state properties? (turnkey investing vs. traditional?) We have been doing some research and have been advised to invest in-state (more familiarity with the area, laws, etc.). However, given our resources and the California housing market, this isn’t really an option for us.

Any advice is extremely appreciated! Thanks for the help!

Best,

Michael

Most Popular Reply

User Stats

28,237
Posts
41,399
Votes
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
41,399
Votes |
28,237
Posts
Nathan Gesner
  • Real Estate Broker
  • Cody, WY
ModeratorReplied

Buy "Long Distance Real Estate Investing" by David Greene. He will teach you how to investigate a market to determine where you should invest. Then he teaches you how to build a team that can do your work for you in that location.

  • Nathan Gesner
business profile image
The DIY Landlord Book
4.7 stars
168 Reviews

Loading replies...