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Updated over 8 years ago on . Most recent reply

Francis M.'s profile image
Francis M.'s profile image
Francis M.
  • from Santa Monica, California
  • Member since Oct 16, 2016
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Francis M.'s profile image
Francis M.'s profile image
Francis M.
  • from Santa Monica, California
  • Member since Oct 16, 2016
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Francis M.
  • Santa Monica, CA
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Starting Out

Investing out of state

Francis M.
  • Santa Monica, CA
Posted

Hi,

I live in LA and I'm looking to start investing out of state, mainly for cash flow. I'm thinking on investing into multi family residential (up to 4 units) for around 150k-200k. Since it will be out of state and I've limited experience in RE, I'm thinking of using some sort of turnkey company.  

I've heard about roofstock, which seems pretty legit, but it specializes in SFR. Any of you guys know of a good and legit similar turnkey company for MFR?

Also, what would be a good market to get started, in respect to my price range? (preferably in a decent area)

Thanks,

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Dustin Cook's profile image
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Dustin Cook
  • Investor
  • from Los Angeles, CA
  • Member since Mar 19, 2015
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Dustin Cook's profile image
Dustin Cook's profile image
Dustin Cook
  • Investor
  • from Los Angeles, CA
  • Member since Mar 19, 2015
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Dustin Cook
  • Investor
  • Los Angeles, CA
44
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Dustin Cook
  • Investor
  • Los Angeles, CA
Replied

I recommend buying off the MLS, Definitely go visit anything you are considering buying. Be careful on BP when you mention turnkey, lots of vultures everywhere.

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