Looking for first property...buying out of state an option?

[Ryan Worley]

As I continue to dive right in (still relatively new to the BP community) the search for my first investment property continues. This morning I read an article that made me consider to look outside of my normal areas, further more outside of my state. (link below if you'd like to take a quick read).

http://www.cnbc.com/2015/11/10/which-city-has-the-...

Living in Southern California, would an area such as Cleveland Ohio be a smart place to even consider looking? The market in Cleveland is much more affordable and inexpensive  which in hopes could provide great room for potential growth and return. Would obviously love to invest in my local surrounding areas here but with current prices I could get 3-4 properties in Cleveland at the cost of 1 in So Cal.

Thoughts, advice, points.. greatly appreciated!

[James Wise]

Welcome to the site @Ryan Worley

If you are looking into Cleveland make sure you know the type of neighborhood you are buying in. Some areas are rougher than others and everyone has a different risk tolerance.

Here is my Ultimate Guide to Grading Cleveland Neighborhoods