LA Investor - looking to buy rentals out of state

[Kevin Diep]

Hi,

My name is Kevin and I am a new real estate investor looking to buy multiple rental properties in the upcoming years. The problem for me is that I am from Southern California(Los Angeles) and as you all know, it is very expensive here and the ROI is not great. I have been looking at other states, mainly Michigan and Pennsylvania and cities like Pittsburgh or Philadelphia where the ROI is much higher. I have seen houses/duplexes selling for 30-40K and renting for $600-$800 a month but of course I know that these are not the best/safest neighborhoods. I am contemplating on taking the risks and buy a few of these and hold and rent for years. I am wondering if there are any out-of-state investors who are/have been in the same situation as I am in? Any stories or advice? I am also looking to find partners.

Thanks you!

[Sharif Haleem]

Try Birmingham, Alabama. One of the best kept secrets in the country. Low taxes great place for newbies to start. I will send you a colleague request. Let's talk about it.