New user need advice

[Yaniv Sigler]

Hi

I have been following Bigger Pockets and reading real estate books for a while now and feel like it's time to put that knowledge into action.

I live in Los Angeles and started a business on January this year.

I managed to save some money and would like to invest out of the state for some more affordable properties than Southern California has to offer.

I want to buy and hold and would like to know first of all how to choose the state to look at? I guess anything else is secondary to finding the right state and area first.

I would really appreciate any help or guidance

Thank you

[Jeb Brilliant]

Hi @Yaniv Sigler, 

The first 2 things I consider are if the state is owner friendly or tenant friendly. Second is am I ok with the states real estate tax. 

I'm from Long Beach, Ca and I invest in Indianapolis In. I've done 2 evictions and one took less then 3 weeks and 1 took ~33 days. That's owner friendly to me. 

It helps having someone you know there, I got lucky and have a trusted person/mentor in Indy but I only met them after I started looking at real estate there, it's not like we're life long friends. 

BTW, I see you're from the area, we're having a meet up this Saturday at UnUrban Coffee House in Santa Monica starting at 10am.