House Hack or Invest OOS?

[Lee Ratner]

Hi BP friends - I'm moving to San Diego for work and have been preparing and saving to start investing for quite some time. I have around $100k capital to invest, and I've prequalified for a loan up to $1.2m. Initially I was thinking of house hacking a multifamily in San Diego, but I'm starting to think it may be a better strategy to buy out of of state properties since obviously properties in San Diego are extremely higher cost and will likely be hard to find a deal that cash flows. If anyone has any advice or recommendations I would greatly appreciate it!

Thanks in advance,

Lee