Hoping to Network - Investing Outside My Home Real Estate Market

[Max Moncur]

Hi everyone, I’m hoping to network with people who have experience investing outside of their own real estate market/state. I unfortunately don’t have any friends or family doing this so I’m finally taking the BP podcast’s advice to use the forums.

I’ve been saving for almost 2 years now to hopefully house hack here in Sacramento but haven’t been happy with the numbers. I’ve begun looking at opportunities out of state and would be stoked to be able to talk to people with experience doing the same. I’d appreciate any time to ask questions and learn. Thanks in advance!

[CJ Portz]

Hi Max, great question. I live in the Sacramento area too and have invested in Missouri, Kansas and Wisconsin. The biggest factor is having the right property manager (they will make or break your entire experience). Also, its SUPER important that if you invest in colder areas that freeze that you make sure to keep heat on throughout the winter as vacancies can lead to freezing pipes (I learned the hard way... twice). I can recommend two PMs in the areas I invest that are great. Also, if you are looking to invest in our area I have a few recommendations of locations you should look at as well.