New out of state BRRRR Investor looking for a solid market

[Account Closed]

Hello everyone! My name is Alex Diago. I am 19 years old and I am currently looking for single / multi family homes to BRRRR. I am currently renting an apartment in San Diego, California. Considering where I'm located in Southern California, it is very difficult to find properties to BRRRR. Therefore, I am looking out of state for my first property to invest in. I don't have much knowledge on researching and finding a solid market to begin with. I started contacting real estate agents in Cleveland and Indianapolis but was told that these markets are heavily saturated with investors trying to do the same thing as me and it would be almost impossible to find a deal even though I have an all in budget of $150K cash to start off with. Any tips and advice would be greatly appreciated, I want to BRRRR ASAP so that I can get the ball rolling while I'm young so I can be set financially as I grow older. Thanks!

[Lee Ripma]

@Account Closed - I was in your exact shoes about 5 years ago. In San Diego, renting, owned no property. My roommate told me about BP. I now am a full-time real estate investor and I've been on the BP podcast. I invest out of state for my rentals and in-state for flipping and developing. I also do other investing including software and startups. 

Think about building a rental portfolio out of state in a growing affordable market. Affordable is key. You can do the house hacking thing in SD but if that is all you ever do are you really a real estate investor? I have never thought of anywhere I lived as an investment, it's a place to live. So I would focus your efforts on truly being an RE investor if that is what you want. 

I've been there, I did it, and I'm on the other side of it. I can tell you that it'll be hard at first. You have to pick a market, build a team, and it won't always go perfectly, far from it. But it is SO WORTH IT!