Investing in California

[James Dupont]

I live in California currently and was wondering if it was a good state to start real estate investing or should I look into buying house out of state and have a property manager? What states do you guys invest in.

[Morgan M.]

@James Dupont

It’s an expensive state as you know. If I were buying now I think I would look out of state. That being said, your rent might be really high and if you can’t get that down then it might make sense for a long term play on appreciation.

As a fellow Californian I think it makes sense to explore extreme ways to knock down your living expenses. But most of the people I know tend to like their California lifestyle. So the question becomes: what are you willing to sacrifice?

See if you can’t find a mentor that already invests out of state. Maybe they can plug you into a reliable management company and or good markets.