All Forum Posts by: Spike Scarberry
Spike Scarberry has started 1 posts and replied 3 times.
Post: Want to relocate for real estate
- Posts 3
- Votes 1
Originally posted by @James De Stefano:
^^^ What she said! Def. put boots on the ground, and talk with people in the city some. Get to know it, make sure it's the right fit for you/ family / etc.
My wife and I would love to move to Colorado at some point in the future, but that's multiple decisions down the road. Life outside of L. A. will be different, guaranteed!
Thanks! I should also mention I’m a single guy with no family so that plays into my willingness to move anywhere.
Still wondering if moving to a super hot rental area is the best idea though... any thoughts on that? Or will competition be stiff basically everywhere? That’s part of why i wasn’t considering a road trip... most of the areas that are super hot (at least by my research) aren’t in driving distance of me. I def would like to leave CA.
Post: Want to relocate for real estate
- Posts 3
- Votes 1
Originally posted by @Dawn Brenengen:
@Spike Scarberry While I would have a hard time relocating myself to a place I've never been, I also think it's not a permanent decision. If you don't like your new location, you can always move again. How transferable is your job or your skills? Will you be able to get a job easily or can you work remotely?
My plan was to identify several areas that fit my criteria and then begin applying for jobs online until I got one. I don't think I'm bold enough to move first without a steady job, though my ultimate goal would be to replace my salary in (hopefully, please, maybe) a decade through rentals.
Post: Want to relocate for real estate
- Posts 3
- Votes 1
Total newbie here. Sorry if this has been asked before. I did a search and all the discussions were a couple years old.
I currently live in LA and want to move. Overall burned out on the city but a big reason for that is the cost of entry to invest in real estate. I'd like to move somewhere with a lower cost of living, ideally where I can house hack and start investing in rental properties and build wealth. I'm really open about the idea of moving and not terribly picky on where.
Here's my big question - should I be looking to relocate to a market that I already know is red hot (Colorado, Texas, etc) or does that just make the whole process more challenging due to increased price/competition? Should I be looking for up and coming markets inatead? Or does that just rob me of potential revenue from the higher demand?
Also I've been told that I should visit the places I'm considering moving to see if I like it there, but honestly I'd rather save that money and use it for a down payment. Am I being really stupid by not actually putting boots on the ground first?
Would appreciate any and all advice on this! Thank you!