Suggestions for starting Out of state for a beginner

[Tsering Lhamo]

Hi all, 

Excited to write my first post..aspiring small and mighty real estate investor ..hoping for many to follow!! 

I live in New York City so real estate is expensive and hard to scale here. I have a primary home in NYC, (can get up to 200k HELOC at least) and looking to start my rental portfolio out of state. I have access to 100k in cash for deployment with excellent credit. Can save like $4000 a month from my job. I want to have cash flow (not depend wholly on appreciation with crossed fingers) and have a good and safe start so that I can start building my portfolio efficiently . I want to use my capital and leverage judiciously to help make the most of it for longer runway.
Just finished reading “Remote real estate investing “ by David Greene !!

Any suggestions on which market to start with..some places I am thinking of are

-Dallas- Texas ,Orlando, Jacksonville, Tampa -Florida,Las Vegas (all fancy names? Maybe there are less fancy and  better opportunities..let me know 😅

Thinking of starting with simple cash flow rentals and then maybe vacation rentals or short term rentals after I am more confident and feel settled in real estate investing.

Agents and mentors welcome to advise . Thank you!  

[Peter Dorinsky]

Quote from @Tsering Lhamo:

Hi all, 

Excited to write my first post..aspiring small and mighty real estate investor ..hoping for many to follow!! 

I live in New York City so real estate is expensive and hard to scale here. I have a primary home in NYC, (can get up to 200k HELOC at least) and looking to start my rental portfolio out of state. I have access to 100k in cash for deployment with excellent credit. Can save like $4000 a month from my job. I want to have cash flow (not depend wholly on appreciation with crossed fingers) and have a good and safe start so that I can start building my portfolio efficiently . I want to use my capital and leverage judiciously to help make the most of it for longer runway.
Just finished reading “Remote real estate investing “ by David Greene !!

Any suggestions on which market to start with..some places I am thinking of are

-Dallas- Texas ,Orlando, Jacksonville, Tampa -Florida,Las Vegas (all fancy names? Maybe there are less fancy and  better opportunities..let me know 😅

Thinking of starting with simple cash flow rentals and then maybe vacation rentals or short term rentals after I am more confident and feel settled in real estate investing.

Agents and mentors welcome to advise . Thank you!  

Hey Tsering, I'd suggest checking out the Ohio markets. If you're looking for strict cash-flow, Cleveland is a strong cash-flowing market with cheap homes and high rent. If you're looking for a blend of cash-flow and appreciation, the Columbus market is rapidly developing with many new and existing companies expanding their business here. I've come across many out of state investors looking into these markets, I'd be happy to connect if you're interested in learning more. Best of luck!