Newbie out of state rentals Texas or Georgia

[Christopher Cadenhead]

hi I'm 26 and I'm a newbie to real estate i live in Miami, Florida but it's way to expensive for me to find my first deal here. I'm looking to go out of state for my first deal  in either Texas or Georgia any advice on my first step when looking for rental properties in areas I'm not farmilair with? 

[Bram Spiero]

Hey there @Christopher Cadenhead

You need to start doing the ground work. Pick a place you like in Georgia and then go on Zillow and analyze every single house for sale. If you don't have an analysis sheet, there's a decent one here on BP.

Looking at the inventory of a town will teach you both about the town and will help you figure out what you want.

You'll learn about what average houses cost, what the market rent is, what the rent ratio is like in different neighborhoods. You may very likely conclude that you don't like a particular town as a place to invest in after having looked at 600 houses there but at the very least you'll know what you don't like and adjust when you look at your next market.

Write down what you think you want and what you think you know and then go look at 5,000 properties online and revisit what you thought.

Best of luck to you.

Bram