Best Places to Invest outside of CA for Buy and Hold

[Steven Wade]

Hello Everyone!

My wife and I have been quietly absorbing all the knowledge we can get from bigger pockets over the past few months and are looking to make our first investment property investment.  We are in San Diego Ca, and are looking for a place with a better rent to price ratio for a buy and hold strategy.

Currently we are looking into getting either one or two single family homes, or anything from a duplex to a quadplex. I've been thinking a lot about Amarillo Texas as I have some connections there, and the rent to price seems to be favorable, and the CAP rate is decent. Does anyone have any advice about investing in Amarillo? Or is there another area you might recommend we look into investing in?

We will probably need to get a property manager as we are investing out of state and we both work full time jobs currently. Thanks for taking a look at my question and helping us get started investing!

[John Allen]

If you’re already interested in investing out of state, I’d consider Oklahoma City more than Amarillo. I live in Amarillo area but I’m from Oklahoma. 

Okc offers a lot of the perks of investing in Amarillo (solid cap rates, cheap prices etc) but it is bigger and has a more stable economy. Just a thought if I were in your shoes