Looking for a multi-family out of state, best steps

[Tom Donnelly]

I'm ready to start lead gen'ing and analyzing deals, but not in my backyard.  I live in San Diego and am looking to invest elsewhere since our price per square foot is about 3x the national average.  I've read a few books, listened to almost all of the BP podcasts and feel ready to make the leap.  I'm getting caught up on first steps since I'll be looking out of state.  Would choosing an emerging market and finding a broker be the best way to get things in motion?  Looking for direction from anyone who has started off the same way or has tips on what would be a good first move.  Thanks.

[Jordan Moorhead]

Definitely best to find someone in the market you are looking to invest in. I invest in Minneapolis but also have a father that's an agent in Louisville, Ky and look at both on a regular basis.

I'm currently buying 1-4 unit properties here and looking for a 5+ unit in Louisville.

It's much easier when you have MLS access in the market you're looking at and someone that is also looking for off market deals.