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Updated over 5 years ago on . Most recent reply
out of state real estate investing/rentals (California resident)
My wife and I live in Northern California and thus far have compiled four doors by buying, moving and then renting. This works and is cash flow positive, especially as we both work full time jobs, plus a couple side gigs. However, given prices in Northern California, it’s difficult to amass greater cash flow and get right into rental/investment properties. With that said, there are opportunities in other states, but am wondering the best resources or points of contact to investigate, research and knowledgeably starting a more in-depth out of state real estate investing venture. Side note, I’m just anxious to slowly stop working my regular gig and find more passive income, which is why out current strategy, while good, is and will take too long.
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I suggest looking into turn-key rentals and buying them based on current rental income, not potential future income.