Too Expensive for HH, buy rental OOS?

[Enoch Li]

I'm working to save up for some RE investment, but after reading a couple beginner threads, I realized I probably won't be able to do what they're doing because OC doesn't have multifamily properties that make sense. Now I'm considering just purchasing a rental out of state, would that make sense or should I just keep the cash?

[AJ Singh]

@Enoch Li

You can drive an hour to Inland Empire and find performing multi family. The rental yields equal OOS investments once you bring tenants to market rent . 

Align yourself with a Multifamily focussed realtor and you will find a deal soon

Patience is the key. 

Buying rentals out of state is not as easy and cash flow is tight in Class b neighborhoods