Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Updated 12 months ago, 01/23/2024
What Are The Best Areas In California To Invest? & Out of State Questions
Hi guys,
I'm a condo owner and resident of San Diego County. I'm currently working on paying off my debts and improving my credit scores, but have the long-term goal of using the equity in my condo to begin my investing journey.
Are there any areas in CA that are good for investing? If so, where would you recommend to a rookie investor?
Prices in CA, specifically in my SD area, are prohibitive. We live in a 1bd 1bth with little ability to upgrade without spending $500k+.
Investing in-state would be convenient if possible. I've considered the possibility of buying a small mountain cabin (1.5-2 hours away) to rent as an AirBnB but question if that is wise to start out with.
Otherwise, I'd love direction on places to invest other than CA. I've looked mostly in the midwest and southern states, such as IN, OH, IL, KS, MO, TN, AR, TX, MS, AL, GA, SC. So many areas. It's tough to know where to focus on and how to build a team.