Out of state investing.
Hello Everyone!
I'm a newbie. In process of closing my second home in the Sacramento area. First one was lost due to foreclosure in 2008. I believe right now I'm in a portion to invest and grow but not sure how to proceed. I would love to buy and hold SFH and hopefully get some cash to reinvest but Northern CA prices at the moment is extremely high. I'm leaning towards investing in Dallas, OKC, Florida, Boise, Provo. Any thoughts or tips?? Would love to hear from you? I wish everyone love, health, happiness, and success.
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Welcome to BP. I also live in EG and have several rental homes in Elk Grove that I bought when the market was down and now I buy exclusively out of state. The numbers are better almost everywhere else outside CA.
Set your keyword alerts for those cities you would like to purchase in. Also, do a search for those cities in the forums. I have seen a lot in FL, OK and the Dallas area. That won't be a problem to find homes there. Boise and Prove, not as familiar with them but I know that Boise has done well with the younger adults and college students. I have been there and I could live there.
Shoot me a message if you have any investing questions. I buy in Memphis currently so I can't speak to those areas you mentioned.