Out-of-state Real Estate Investing: How to find the right market

[Tanner Shore]

Hello BP community. My name is Tanner. I am fairly new to RE investing, currently having no deals under my belt. I live in Corona, CA which isn't the most ideal market to purchase cash flowing properties. Since I am only 23, I don't have the proper financing for these 500, 600, 700, and 800k houses.

My main question is, knowing that there are much cheaper houses in the midwest and south eastern states that are more ideal for cash flow, what is your process for choosing an out-of-state market with 0 knowledge/experience of that market?

Thank you sooo much!

[Joseph Crunkilton]

@Tanner Shore

Tanner, 

I was in the same boat as you a couple months ago. Being in Portland, I couldn't justify risking my life's savings on one deal. It was too much risk. This led to @Zach Lemaster over at Rent to Retirement. They provide turnkey ready rentals in markets that provide high cash flow and appreciation. The best part is that the properties are very affordable. 

I recently just closed on my first property through them. You can find the details on my profile. What impressed me was the quality of rehab, return on investment and ease of closing. The experience from this has given me the confidence to venture into more active investments. 

Feel free to PM me. I'm happy to answer any questions or elaborate.