Best way to invest my money?

[Derek York]

Hi everyone,

I have an interesting question. My dad and I are trying to get into real estate investing. My dad has a line of credit of around $200,000 and I have some cash saved for investing. Unfortunately we live in northern San Diego so properties are very expensive. We are trying to figure out the best use of our money. Should we try to find something in San Diego or should we look else where in the US so our investing money can go farther? I guess the pros and cons would be local is a little more hands on for first time investors (less of a return) and I can house hack. Elsewhere possible higher returns but more difficult investing. 

Interested to see what you guys think.

Thanks!

[Anthony Johnson]

If you goal is to  acquire many, have a real company and self manage, then move to   Florida, you can turn that into 20 doors leveraged.   Florida is the #1 state to invest in RE as 1,000 people a day move here.   My rentals  have many applications in less than 3 days and knowing what I know about RE, and I know much, I cannot move anywhere else.   If you just want to make some side cash then find a small town about 2-3 hours away and hire a property mgr.   That way you can still drive out on a Sunday to check on big rehabs and stuff.    You could find a syndicator like Grant Cardone and go on a multi family deal and get great returns without disrupting your life.  Keep us posted.