Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 12 months ago,

User Stats

2
Posts
6
Votes
Sonya C.
6
Votes |
2
Posts

Out-of-state real estate investing for beginner

Sonya C.
Posted

Hi All,

I've read some posts about achieving FIRE via real estate investing and I'm hoping to start doing that 2024. I don't really have much experience in this area and would love some advise. I'm currently in Phoenix AZ where housing prices are still high and does not seem to make sense in terms of cash flowing perspective, so I'm looking for out-of-state investing opportunities with the following criteria (and please kindly list more if you can think anything else):

1). Positive cashing flowing since Month 1-2, ideally more than the 1% rule?

2). Low property tax/lower costs to maintain, etc.

3). Landlord friendly (eviction, rent increase, etc.)

4). Few natural disasters (flooding, thunderstorms, snowstorms, etc.)

5). Good job or population growth

6). Cheaper price (ideally less than $250k so the mortgage would not be too much)

Any advice either regarding the above or real estate investing in general is very much appreciated. Thank you very much!

Loading replies...