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Updated about 8 years ago on . Most recent reply

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Max Porter
  • Real Estate Investor
  • Hawthorne, CA
0
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3
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CA investor, lookin to Invest out of state, either MI or PA

Max Porter
  • Real Estate Investor
  • Hawthorne, CA
Posted

Hi, 

I'm fairly new to the BP.  I'm looking to generate some passive income, but prices are just too crazy in Los Angeles.  I'm looking out of state and have some family connections in MI and PA that might make those areas more attractive.   Any advice on finding good neighborhoods to invest in?  Any advice on buying multiple cheaper properties vs one in a more upscale neighborhood?  Any advice appreciated! 

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670
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
352
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670
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Jeff Wallenius
  • Specialist
  • Indianapolis, IN
Replied

@Max Porter welcome to BP. I would advise you against buying the cheapest properties in these areas. By cheapest I'm talking $30-40K, as they will be nothing but long term cash flow killers. We invest in Eastern PA and Philadelphia along with several different markets if your looking to expand your search.

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