Los Angeles Properties vs. Out of State Properties

[Daniel Han]

Hello,

My name is Dan and I was wondering if any of you had any advice for a beginner investor like me. I recently closed on a deal to sell my house in Los Angeles area and I have some capital to buy new property/properties.  If I buy in the Los Angeles area, I will have to pay a premium for overpriced real estate.  I have been interested in looking into investing in Texas or Portland(Oregon) since my sister is there.  I did the math and I would not have any positive cash flow from buying properties here in LA unless I pay 50% of the property's cost up front.

Would any of you have any advice on buying property out of state and how I would be able to manage it from afar?

I have about 6 months to buy a property or properties.

Thanks in advance!
-dan