Out Of State Investing - Where To Go?

[Mark Feaver]

Hi,

I currently own one investment property, a triplex out of California.  We just purchased it December 30, 2020.  I am looking to invest out of state for buy and hold and looking to do little to money down.  I am hoping you could provide your suggested markets and why.  I have looked at Indiana, Ohio, Texas and a little of Illinois.  I am not quite sure where to focus on.  Thank you so much!

[Remington Lyman]

Originally posted by @Mark Feaver:

Hi,

I currently own one investment property, a triplex out of California.  We just purchased it December 30, 2020.  I am looking to invest out of state for buy and hold and looking to do little to money down.  I am hoping you could provide your suggested markets and why.  I have looked at Indiana, Ohio, Texas and a little of Illinois.  I am not quite sure where to focus on.  Thank you so much!

It does not matter where you start as long as you develop your Core 4. The core 4 is David Greene’s strategy for long-distance and made up of a realtor, contractor, property manager, and lender. Once you have this team in place, you should be able to confidently invest in any market.

As for picking a specific market - I would go after one with an increasing job and population growth. I invest and work in Columbus, Ohio.