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Account Closed
  • Los Angeles, CA
5
Votes |
16
Posts

Where to invest out of state?

Account Closed
  • Los Angeles, CA
Posted
I have $50K set aside to invest in real estate. As I live in LA, I'm looking to be a remote investor, looking at more affordable markets. I'm only interested in buy-and-hold properties for rental income (and appreciation, of course). I'm thinking the move might be to get two properties, around $125K each, and put 20% down on both properties, instead of just one. Looking for suggestions as to the markets I should be looking into, thoughts on turn-key investing, and any other advice you might have! Thank!

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129
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67
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Com M.
  • Rental Property Investor
  • Murrieta, CA
67
Votes |
129
Posts
Com M.
  • Rental Property Investor
  • Murrieta, CA
Replied

I purchased a duplex in Indianapolis for 90k that already had both sides rented for $1250.  Not a killer deal, but you can wrap it up for $25k down and do 2 of them.  Two to start, a great kickstart to a cashflow portfolio. 

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