Is purchasing quad / duplex out of State a good idea
I'm selling my rental property soon and want to reinvest in a cash flowing rental property. I was Thinking about purchasing a duplex or quad in either Nevada or Arizona since it's cheaper to buy there than California.
The properties seem to make pretty good cash flow in other parts of the country. I know i would need a great property manager if I did this. Anyone else has out of state rentals?
Most Popular Reply
I would stay in the sun belt. I've never heard anyone complain of too much sun and not enough snow!
Texas....I love TEXAS! Stay in the "Tex-a-plex" (Dallas, Houston, San Antonio/Austin) triangle and near the bigger cities. It's hard to go wrong. The real estate is inexpensive, rents are good, good growth rate in the area, and most of all there's JOBS!