First Time Investor & Out of State Investments

[Brendan M Hornung]

Hello all,

I am a potential investor living near Los Angeles, CA! I have no property, a decent amount of savings, and I am looking to purchase my first within the next 3 months. I would like to buy a SFR or MFH that would give me some cash flow. I have thought about house-hacking in CA but I am also able to buy an investment property around the 200K range. I would hate to buy a property in CA and have it be a disaster with my tenants due to them not having to pay rents in CA because of COVID. My question to you, what states are great for cheaper homes with good cash flow, and which of those states are more friendly towards the owner rather than the renter?

Thank you!

[Tina Tsysh]

Even though Arizona voted blue this past election, it has landlord-friendly laws. I am not sure how soon those will change but Phoenix is projected to be the number 1 market with the highest rent growth over the next 5 years by CBRE. It's not too far from California and many Californians are fleeing there. You can find something in the 200k range.