Investing out of state

[Artem Belayev]

Hello BP family! I hope everyone is doing well and staying safe! We currently live and invest in northern seattle wa area. Shoreline, lynnwood, Everett. We rent houses by the bedrooms.

We've been thinking of investing out of state into SFR and possibility some small multi family. It sounds more scalable. "purchasing 100k homes vs 500k homes"

Traditional rentals are difficult to cashflow around here in Washington it’s the reason we rent by the room.

Our goal is to scale our rental portfolio and live of the cashflow.

I was hoping to connect and hear the pro/cons, issues that people have ran into investing out of state from local investors that invest out of state. or anyone that lives in an expensive markets that invests out of state.

Some areas we’ve considered have been Florida, Jacksonville fl, Orlando, Tampa, Sarasota fl, Memphis, Different parts of OH, Cincinnati. I’m planning to do more research on job and population growth in all those areas and possibility connect with local agents, investors, wholesalers and property managers but for now mainly looking to connect with people that do invest out of state!

Thank you all so much!