Getting started- researching markets

[Matt Gigli]

Hi! Beginner here just getting started in real estate investing. I've been spending the last few months reading books and learning, and I'm at the point where I'm ready to make my plan to get started. I live in San Diego and with only about $150k to get started, I am looking to invest out of state. My goal is to start buying long term rental properties using the BRRRR strategy.

I’m torn between trying to stay closer to home to make it easier to visit and buying in the Midwest/South which has much lower prices with easier cash flow opportunities. As a newbie without experience buying and rehabbing, I’m having a hard time getting over the fear of distance!

Anyone have any words of wisdom to talk me into a western market vs a Midwest/southern market for getting started??

[Nicole Holcomb]

Do you have a best friend or beloved family member in the midwest or south? If I was going to invest such a distance from San Diego it would be great if I could also visit someone important to me while I was there. My husband's mother is in Florida and I have seriously considered investing near her hometown. That being said I am saving for my next property in San Diego. If you have $150k maybe you just need an investing partner.