Out-of-state SFR and Multi-Family Investment Advice

[Eugene Pasechnik]

Hello BP Community, 

My name is Eugene and I live in Los Angeles for the last 24 years, immigrated from Ukraine. After purchasing a complete fixer-upper house in LA and completing a full blown remodel/renovation of the entire property  for my family for the first time, it got me really hooked. I am very interested in purchasing investment properties out of state ( due to un-affordability in CA and poor state laws) and starting my RE investment journey from there. My end goal is to own multi-family properties that would allow me to have sufficient passive income to support my family. I have financed lots of RE investment properties myself ( >17 yrs -Commercial Banker), however never had a chance to own  one. 

Any recommendations or advice where I can at least start with my first investment property now. I would most likely start off with SFR and then eventually move into multi-family market. I looked into Texas and Florida thus far, however looking for any other recommendations at this point. Thanks in advance.

[Jeremy Taggart]

@Eugene Pasechnik We have a pretty good mix of cash flow and appreciation here in Pittsburgh. Can still hit the 1% rule mark on mostly turnkey properties whether that be SFR or Multi Fam. SFR as low as 100-120k if mostly turnkey. Options for BRRRR's under 100k. Multi units ranging from 50-125k/unit at least at 1% rule depending on quality of area/distance from downtown. Low buy in while getting some cash flow and good future appreciation potential if you buy in the right spot.