Too Expensive for HH, buy rental OOS?
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?
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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