Looking For Markets To Invest In Outside of California

[Kale Johnson]

Hello, my name is Kale Johnson and I'm a young aspiring real estate investor out of California looking to start my journey of obtaining cash-flowing LTRs. I talked just recently with a trusted broker I know out of the Sacramento area to ask him his advice about finding investment properties in California and he said "the ship has sailed for that" and that's not hard to see especially in today's market. I understand there's an aspect of appreciation-based investing for homes in California along coastal areas however that seems like a luxury considering the capital that would need to be involved in order to hold a property with no income-producing aspect; most definitely not a beginning approach at the very least.

So with the case of low supply and high operating expenses and by the advice of the trusted broker I just mentioned previously, I have decided to shift my focus to out-of-state investing. What are some cash flowable markets outside of California relatively entry-level for a young investor looking to get into multi-family properties? Preferably closer to the West Coast. Thanks!

[Ryan Muska]

I always recommend landlord-friendly states: Florida, Ohio, Texas, Pennsylvania, Alabama, Georgia, etc.

Read the laws of the areas/states in the price range you'd like to purchase at and go from there. Also, build up a team there, starting with an investor-focued real estate agent. They will be your best friend. 

As far as the ship sailing in CA, there is opportunity everywhere, you just need to find it. 

If you'd ever like to talk opportunities, goals, or just want some insight, I'd love to connect!