Where to invest in 2021 as an out of state

[Sarp Ka]

Hello there,

I am looking for area suggestions for 2021 second half.

I would be into areas where the crime is not high, population has stable and mid-class income. B class neighbors and tenant pool is what I am after.

Before you start telling me "look at your back yard" I live in San Francisco Bay area, where the back yard here costs $1M SFH for $3000/mo rental revenue, where the tenant can choose to not pay for one whole year and you still cannot evict them. Same deal with MF, where they cost $1.5M and rent is not any higher than $5k. Eventually this is pushing me towards out-of state investing.

Also I am not really looking for places that has already sky-rocketed like Austin, TX.

I don't really have any set budget, I don't have a lot of money for buying "as-is" properties that cannot get a conventional loan. I can afford up to 100-150k downpayment + rehab costs.

I would really appreciate any comment.

[William Costello]

@Sarp Ka the Midwest (Indianapolis, IN, Columbus, OH, Kansas City, MO) are great cities to look at. Have great job markets and can't beat the cost of living in those cities. Have you ever thought about syndication at all? It's a great way to invest in a market that is not in your backyard and get into the multifamily sector of the industry without the heavy lifting and sweat equity. Good luck!