New Investor seeking out of State investing advice

[Esmeralda Florez]

Hello Bigger Pockets Community!

I am fairly new to the bigger pockets community. I joined six months ago. I admit that I was intimidated to post, so many members with a vast amount of knowledge and experience are here and I am new with very limited knowledge. However, I took the plug and recently attended the Bigger Pockets Convention 2019 in Nashville, it was great to see how many attendees are willing to share their experience and provide help to new investors. I currently live in California, but have been a resident of California most of my life. California is a competitive market with low inventory and overpriced housing. I am looking to invest out of state but still relatively close to home in particular San Antonio and Huston Texas. I would like to employee the BRRR method but conventional purchases are also of my interest as long as properties are under value and I can force appreciation. I was wondering if there are any investors out there that have invested in these areas or close by who would not mind sharing their experiences or can provide some advice about single and multi family (smaller unites1-4) housing.

Thank you

[Damian Seguen]

@Esmeralda Florez

First, best of Luck on your RE Journey.

I haven’t done Out-Of-State investing, seems very hard your first property. I have only bought and renovated while living there and now moved out of state while i continue to manage.

If I could advise at all, it would be do your first property closer to you. Even if it’s 3-4 hours away, but your first one will be your scariest and sometimes just being able to go and see the place yourself will ease that tension.

RE investing is just being professional word Problem solver, learning your first few mistakes within a drives reach is manageable.