Seeking advice to buy my first rental property OOS

[Ritesh Balmiki Panda]

Hello everyone, 

I'm a newbie to the Real estate market, currently based in San Diego, CA. I'm seeking for some advice to buy my first rental property OOS, would love to hear from y'all regarding what all markets are cheaper and can generate good cash flow?

Thanks,
Ritesh

[Najma Osman]

Hi @Ritesh Balmiki Panda, 

Congrats on starting to grow your portfolio out of state! I think this is awesome, it forces you to really be an investor instead of landlord. When considering OOS investing, look for markets with strong economic fundamentals, such as job growth, population growth, and low unemployment rates. This can help ensure that there is a demand for rental properties in the area.

One state you might want to consider is Ohio, which boasts thriving cities like Columbus, Cincinnati, and Cleveland. I personally focus my investments in Columbus, which has seen a significant increase in property values and is expected to continue this trend in the future. This is due in large part to major corporations like Intel, Honda, Nationwide Children's Hospital, and Wexner Medical Center investing heavily in the region and creating numerous job opportunities.