Out of State Investing - Bend Oregon or Houston Texas or other suggestions?

[Account Closed]

Hello,

I'm from San Francisco looking to invest buy and hold out of state. I'm initially considering Bend Oregon or Houston TX but as I search the forum posts here, it seems even those markets are overheated.

Are there still deals to be had in those areas? How should I best find them? Right now I am only looking at MLS.

I am choosing those areas because a friend of a friend have invested in Bend and my husband regularly does business trips to Houston.

Are there other out of state investing that may be worth investigating? My brother goes to Newcastle Delaware for his consulting job so that is also once place I can look at and at least have a hotel to crash if I need to make a trip.

Thanks for helping a site newbie out!

[Jay Hinrichs]

@Account Closed  going to throw in a plug for Bend... its totally under the radar there is a new 4 year state college being built bringing in 5k new jobs to a town of 60k... chances for appreciation is far greater in my mind than any of the so called cash flow markets out east. The reason is Oregon has super tight land use laws.. Unlike Texas and other areas were new construction competes with old stock and keeps values basically in check. Plus   ease of management.. No condenser units being stolen or needing to be caged ( think Memphis) A nice little 4 plex in Bend could be a very good play right now IF you can find one.  

If you decide to go out East and Invest do not get sucked into buying low end rentals.. And don't get sucked into buying from So called agents or experts on the west coast that just front for flippers out east ... Start with very good property managers in the markets your interested in.. ( many times they will even have clients that want to sell and you can truly go direct)  and ask them for some advice on areas.. then talk to appraisers etc.. Be very mindful of those trying to sell you properties that do not live in the market