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Updated over 8 years ago,
Moving or Buying Out of State multi family property
Hey BiggerPockets community. I'm looking for some veterans in the game of buying residential multi family properties for cash flow and I need some advice. I currently live in Orange County, CA where the returns on buying and renting out multi family properties is minimal if any, which got me thinking about out of state properties. I have a decent paying job but real estate investing is where I want to end up at and I know SoCal isn't as profitable as I'd like. My main question is this, is moving out state to make this all happen profitable? And what kind of cash reserve would be ideal to make this transition safe and wise? Thanks in advance to all responses.