In State or Out of State Investing to Start

[Jazmine Kravitz]

My husband and I currently reside in California have been actively analyzing the Indiana market to purchase our first investment property/ property in general.

I wanted more options on the decisions below before we attempt to make our first purchase.

1. Purchase a value add - owner occupied condo in Cali and rent out after a year. (A condo is all we can afford at the moment) and then invest out of state after.

2. Purchase a few investment properties out of state first then purchase a home to house hack after in Cali possibly 1.5-2 years from now.

I guess my question boils down to: do you think it’s possible for a first time investor to have success out of state or should I focus on something local first? I feel overly confident and am aware of the risks but would love options from other investors. Thanks!!