Tips on investing out of state

[Christopher Medel]

I am currently looking to invest out of state because investing locally is too expensive. Investing out of state can help me get started on my real estate journey but I don't know where to start. I have some start up capital which allows me to purchase a property out of state where prices are more reasonable for me. Should I create an LLC to get started or start looking at area's to invest in then narrow down my search for a property?

[Peter Dorinsky]

Quote from @Christopher Medel:

I am currently looking to invest out of state because investing locally is too expensive. Investing out of state can help me get started on my real estate journey but I don't know where to start. I have some start up capital which allows me to purchase a property out of state where prices are more reasonable for me. Should I create an LLC to get started or start looking at area's to invest in then narrow down my search for a property?

Hey Christopher, if you already have an investment criteria and plan on investing out of state I'd recommend starting by choosing your market of interest. After you've settled on a market I would focus on building your core four: https://www.biggerpockets.com/blog/core-four-real-estate-tea...

What's your criteria for a market you'd be looking to invest in? The Midwest presents some great opportunities for out of state investors if you're looking for lower taxes, lower prices, and landlord friendly states.