Out of State Investing Advice for a newbie

[Richard Phan]

Hi everyone,

I live in LA and have started looking at OOS investing seriously and some of these homes I see in the midwest for example go for 80-100k turnkey ready. That's not even enough for a downpayment for a shack where I live. =(

Anyways, what are your thoughts on OOS investment , especially those that are turnkey ready, basically Im interested in purchasing a turnkey from one of those companies that already rehabbed the home and has a tenant/PM in place etc. Any tips or even how the process generally goes would be great. I'm really looking forward to getting my feet wet with OOS investing and hope to build from there. Looking forward to any advice.