2-10k capital to invest looking for a good market, Any advice??

[Taylor Mohr]

I have about 3k saved right now and planning on building it up to 10k. I live in southern california and the market out here is far out of my price range. Im looking at some place probably midwest where i can put my capital to better use. Im looking at rentals not buying and flipping. If the opportunity to flip comes up i will, but that is not my main focus. Any ideas on what state/area i should look into??

[Jonathan Buerkert]

Taylor, you should take a serious look in the southeast. With some research, you should be able to find a good deal on a troubled property for less than $10k. You might be able to find a tax sale or a foreclosure, and in the southern states like Alabama, Louisana, Georgia, North or South Carolina, the tax liability is not as great as California, Texas, or New York. My advice is look for rural areas in the southeast. And since you'd be an out of town owner, you should definitely look into land contracts where the occupant handles all the maintenance and repair and has an option to buy at the end of the agreement.

JonB