Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
New help getting started as a first time out-of-state investor
Hi!
I've recently started my journey into real estate investing. I am interested in buy/hold SFH rentals and have around 30k in capital to invest. I'm looking to invest out of state because I live in the Bay Area, but I'm struggling figure out what a good market is. One thing that's been making me anxious is the uncertainty around the economy. I keep hearing that the housing market will start to decline next year which can hurt new, unseasoned investors.
Does it still make sense to start investing during this time? What are some markets that would be safer for a new investor like me to enter during this time period? How can I make sure I don't overextend myself if things go south?