Wanting to invest out of state as it is cheaper and more value

[Andy Wu]

Hi everyone! I'm Andy, I'm orignally from California but moved out to Texas. I've been watching a bunch of BP episodes and doing a bunch of research. I'm a newbie but I'm a fast learner and I believe I'm a pretty competent person in general. I see on podcasts other people doing it as a newbie and have made it to the big league. I want to the out of state investing as it seems like a better place to get started. I realize that it is harder to start out of state but from what I've read/known the process is very similar to doing it in-state. Ideally I'd like to BRRRR. I want to buy a property for around $50-100k, rehab it for maybe another maybe 30-50k and rent it out. The cash flow looks great for that amount of money. Excited to get out of analysis paralysis and start taking action. Hopefully I can be like some of you one day. If there are any local investors out there I'd love to connect!

Bests, Andy

[Theresa Harris]

I would not recommend doing major renos when you are a brand new investor and are investing out of state.  The money on paper may look good on some of the cheap homes, but the reality is often very different.