New seeking advice !

[Christopher DEsposito]

Hi everyone, I’m new to the BiggerPockets community and just starting out with real estate investing.

I’m planning to invest out of state, and I’d love to connect with people who have done it successfully. I’ve been doing a ton of research, running numbers, and trying to learn as much as possible—but with how competitive things are, it’s been tough to feel confident choosing the right market.

So far, I’ve been looking closely at St. Louis, but I’ve also been keeping an eye on Tennessee, which seems really promising too. I’m just trying to make sure I don’t go all-in on the wrong area and miss out on better opportunities elsewhere.

If you’ve had success with out-of-state investing, I’d really appreciate any insight on:

• How you chose your market

• How you found solid deals in competitive areas

• What helped your best deals come together (strong team, financing, strategy, etc.)

• How you’re currently sourcing off-market or BRRRR-friendly properties

I’m trying to move forward without rushing into a bad deal. Any advice, resources, or stories would go a long way. Thanks in advance for the support!

[Kerlous Tadres]

You're on the right track, doing research and running numbers, and confidence comes with clarity. When I chose my out-of-state markets, I focused on landlord-friendly states with solid rent-to-price ratios and local teams I could trust. In competitive areas, such as parts of Tennessee, having an investor-savvy agent and contractor ready made a huge difference. My best BRRRRs came from networking with wholesalers and local PMs who had the inside scoop on tired landlords or distressed properties. Don’t rush, solid deals come from good systems, not speed.