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Updated over 4 years ago on . Most recent reply

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3
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Sean Rice
18
Votes |
3
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CA resident looking to invest out of state

Sean Rice
Posted

What’s up all! I hope this post finds you all well and in good health! My name is Sean Michael and I’m a newbie, like really newbie. Im really interested in beginning my RE investment journey and living in CA it’s much more of a challenge out here, and I’m determined not to let a costly state to stop me. 
I do understand that investing out of state has its obstacles however it’s the way I’m going to get my foot in the door. 
Can anyone recommend what cities/states I should be looking into?

And if there is anyone who has experience investing out of state I would really appreciate any tips and advice that you would be willing to share!

Thank you all so much I really appreciate your insights and look forward to reading your responses.

Sean Michael

Most Popular Reply

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2,092
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Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
2,359
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2,092
Posts
Lee Ripma
  • Rental Property Investor
  • Prairie Village, KS
Replied

@Sean Rice

So lots of these posts are just - hey come invest in my market. Nothing wrong with that but take any of that advice with a grain of salt.

I live in LA and I invest in Kansas City (and LA). I have lots of posts talking about it and I was on the BP podcast. I think it’s more important to get started then to do things perfectly. I picked KC by googling the top 10 markets for cash flow. I was in KC in June for 5 days and I never even drove by a single one of my properties. I did put 2 new ones under contract and scope out a few more potential new ones. I also closed on a refi and met with my local contacts/friends. Out of state investing in KC is great. I also invest in LA but the strategies are different. Just get going, you’ll be glad you did!

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