New Member - Exploring Out-of-State Rental Opportunities (CA investor)

[Christopher Rubio]

Hello Everyone,

I am new to BiggerPockets and excited to connect with like-minded investors. I am based in California but looking to invest in out-of-state rental properties to take advantage of better cash flow and more favorable price-to-rent ratios.

Right now, I am particularly interested in :

Markets with strong demand

Properties under 80k-125K (single family or small multi-family)

Areas with steady job growth and landlord-friendly regulations

My background

• I am a military veteran. I have also been in the federal sector for nearly 15 years and am now wanting to build a portfolio for long-term (supplemental) income and early retirement.

• I have research in various area such as Memphis, Cleveland, St. Louis and open to other suggestions

What I am hoping to learn from this group:

• How you have approached team building from a distance (agents, property managers, contractors, etc.)

• Mistakes to avoid as a new out of state investor

• Recommend neighborhoods or cities you have had success with

Overall, I am here to learn, share my journey and build relationships that lead to win-win deals. I hope one day I will be on the other end of a similar post like this providing new investors my knowledge and insight in real estate investing. Looking forward to connecting with you all!!

Chris R

[James Wise]

Quote from @Christopher Rubio:

Hello Everyone,

I am new to BiggerPockets and excited to connect with like-minded investors. I am based in California but looking to invest in out-of-state rental properties to take advantage of better cash flow and more favorable price-to-rent ratios.

Right now, I am particularly interested in :

Markets with strong demand

Properties under 80k-125K (single family or small multi-family)

Areas with steady job growth and landlord-friendly regulations

My background

• I am a military veteran. I have also been in the federal sector for nearly 15 years and am now wanting to build a portfolio for long-term (supplemental) income and early retirement.

• I have research in various area such as Memphis, Cleveland, St. Louis and open to other suggestions

What I am hoping to learn from this group:

• How you have approached team building from a distance (agents, property managers, contractors, etc.)

• Mistakes to avoid as a new out of state investor

• Recommend neighborhoods or cities you have had success with

Overall, I am here to learn, share my journey and build relationships that lead to win-win deals. I hope one day I will be on the other end of a similar post like this providing new investors my knowledge and insight in real estate investing. Looking forward to connecting with you all!!

Chris R

Chris you definitely want to give The Ultimate Guide to Grading Cleveland Neighborhoods a read. It should help you out as you try to learn a new market that is very different to the one you're living in. I've seen countless Cali investors get screwed in Cleveland because they didn't take the time to understand what it was that they were buying. They just looked at cheapo prices and figured it'd work out no matter what. It doesn't lol.