Newbie interested in out-of-state Investing

[Rochelle Duong]

Hello there!

I'm currently looking to get my foot in the door regarding investing out of state. I currently live in a very expensive market (Los Angeles, CA), and recently just paid off all my student loans, have a stable income, and excellent credit. I still live with my family, and our house is paid off, so I currently don't owe anything. Generally, my next steps include saving up and doing research on various investment opportunities out of state (i.e. Nevada, Florida, Michigan, Arizona), networking with local real estate investors/agents, and taking a couple trips to survey properties once I have enough saved up. Does anyone have any further insight on this? 

I've been listening to David Greene's audiobook on investing out of state, and listening to a few BP podcasts for inspiration and insight. Wanted to be more active on BP now that I got one financial hurdle out of the way.

So far, I reached out to a lender regarding what type of loans I could be pre-qualified for, and from my understanding, this shouldn't affect my credit score. Should I talk to several banks to see get different pre-qualification rates? 

[Rochelle Duong]

@Josh Huber

Hello! are you LA county ? And I was gonna go to a Long beach one scheduled for next week. It was related to house-hacking though but I think it will have good info anyway just in case I decided to pursue that route in the future

[Christine Shen]

@Rochelle Duong and @Cathie Lazarus

Hi Rochelle and Cathie! I am also starting out from LA County and am trying to decide where to invest out of state. Would love to share notes as well.