Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
First buy--out of state vs in state
Hi everyone!
We are just starting out in the investment world. We are at a personal crossroads in where to start.
We currently live in California, but do not want to invest here. We do not think we have enough capital to invest here, and are thinking about investing out of state. However, we do not have any experience in real estate and are not sure if that's a good first move. Our capital is aging though and we are feeling the pressure to get into the industry before we've put ourselves in a position with even more capital limitations.
What are thoughts on investing out of state with minimal/no experience? Does it make more sense to search for a good deal in California to start out and gain some experience? Any advice or any experiences that relate to where we are would be extremely appreciated.
Thank you all!