Out Of State Investing

[Tim Lynch]

I’m looking into investing in primarily buy and hold opportunities out of state. I live in a very competitive Washington state marketplace and am now looking elsewhere. Where would recommend searching? I’m looking at Jacksonville, Memphis and Toledo but am also open to other locations I’m not aware of.

[Jay Hinrichs]

Frankly for cash flow rentals all the markets mentioned are inner changeable it comes down to PM.. PM will make or brake your OOS investment.. and the lower value the home  and higher return the risk goes up exponentially and PM becomes more critical.. the major issue with OOS is the buyers fubar themselves especially us West coast folks that really have no clue as to how these cities work in relation to neighborhood quality that locals know all about and us OOS just don't really have a clue.  

one piece of advice I like to give is in ANY of these cities if you buy at the median price for the city that will get you a better quality.. if you buy at the lower end of the median or half of the median your buying a very HIGH risk property and why do that all to make 200 a month.. risk not even close to reward.