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Updated over 8 years ago, 08/23/2016
First income property search with good cash flow outside CA
I have a friend who bought two SFH income properties $50K each in Sacramento years ago and making excellent cash flow $1000 per unit! She got in with great timing, but I know I missed the boat long time ago. That said, I want to start taking action with learning how to make passive income.
I am located in So Cal and wondering is there any city outside CA that has great potential for cash flow and appreciation but still cheap to buy that is under $100K? Also since the properties will be out of my state, how do you go about and search for the right one when you know nothing about other states or cities? Do you personally visit the properties before you buy? Condo or SFH? How many bedroom? Do you only buy fixed upper? What location will be good? Do you put cash down only or you finance it? Please help, I need all the guidance as a beginner investor. Thanks!