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Updated almost 4 years ago,
Looking to buy rental property in Tucson, AZ or Stockton, CA
Hello everyone,
I'm new to investing and interested in the buy and hold strategy. I am currently looking for multifamily homes in the Stockton, CA near University of the Pacific or in Tucson, AZ near University of Arizona. I'm interested in renting to college students. I choose Stockton, CA because it is close to where I live and I may be able to find a property with better cash flow compared to other parts of Northern California.
However, properties in Tucson, AZ may have a higher cash flow. I'm not too confident with out-of-state investing since I am new to investing. I choose Tucson, AZ because I am familiar with the area since I lived there for 8 years as an undergraduate and graduate student. I think I will want to make sure I have a strong team before investing in Tucson, AZ.
Any insight is greatly appreciated, thank you!