Rental Property in Jacksonville, FL

[John Philip Eugenio]

Hi everyone,

I am new to real estate investment. I own a rental property at Oxnard, CA and it has appx. $200K equity. Currently, I live in San Diego, CA which properties are way too expensive to afford. Therefore, I am thinking about doing an out-of-state rental investment. Jacksonville, FL and Las Vegas are the places that I am thinking about investing to.

I plan to take $100K HELOC to purchase more properties and I also have $60K cash as well. Do you think Jacksonville/Las Vegas are great places to expand? Should I use HELOC? Also, looking for Real Estate Agents and Property Manager recommendations.

Thanks in advance.

-John