Investing out of state an option for young investor

[Shri Kanase]

Hey guys,

So I'm new here and to let you guys know, I just turned 21 this month and have roughly $60k to $70k in my bank available for investment in SoCal. I dropped out of college to pursue my eCommerce business full time and also have a Youtube presence now (some sort of consistent income). I live in southern California where I still cannot afford much and was looking into out of state properties as I know I can buy multiple at once.

I was wondering what you guys thought about this for a guy like me because I'm new to the whole business.

[Ali Boone]

Originally posted by @Shri Kanase:

Thank you for that. Do you have any tips on how to get started? As mentioned, I'm really unsure where to begin

Sure. If it's out-of-state specifically you're interested in, really the first step is decide on how you want to do it. Do you want to rehab something, do you want to be more hands-off, do you want to flip, hold, etc.? That's the first thing to think about. I can't remember if it's just rental properties you're interested in, but here's some info on the options with those-

https://www.biggerpockets.com/...

Depending on which route in there sounds more appealing, then you can know what info you need. If you want to be hands-on, everyone talks about David Greene's book on here that is supposedly really good for that. If you want to be more hands-off/turnkey, I've always done turnkeys myself and a lot of others have too...any of us can help with those. There are even some options kind of between those two, but for now, just kind of think about how you're wanting to do this. Then can go from there to keep widdling it down.