First time out of state investment ideas for good cash flow/appreciation

[Ferrode Joseph]

Hi Everyone, 

I have been researching for real estate investment out of state for couple of months. Did some research on RTP Raleigh/Durham and Las Vegas(Summerlin/Henderson) but cash flow isn't great. I read forums here and saw Cleveland/Columbus Ohio is good but they are older posts. I like to get more options, current trends and pros/cons to start with investment . I'm just beginning, any help is much appreciated. Thanks

[Michael Dumler]

@Ferrode Joseph, are the Cleveland/Columbus, Ohio posts old? Those guys post every day, hyping that market up, haha. As I tell all individuals wanting to invest out of state, regardless of the market, your success rate will largely depend on the resourcefulness and reliability of your team (agent, lender, property manager, contractor). Hypothetically, you could acquire a killer deal that cash flows $200+ monthly. However, if your PM doesn't know what the hell they are doing and sucks at their job, you now have a liability on your hand. Vet all vendors before proceeding. If you haven't already, read "Long-Distance Real Estate Investing" by David Greene. Best of luck!