Investing in multifamily out of state - best options under 100k?

[Joseph Stamper]

Hey all,

We were saving up to buy our first house here in cali, but we are going to wait due to the crazy market.

As a result we started an LLC and looking at investinf in multi family out of state. I have been looking in the midwest and have found lots of duplexes with long term renters that I am interested in.

Are there areas that you recommend where you are seeing solid rentas with properties under 100k?

We intend to put down 25% on each property and are so excited to start this journey!

[Spencer Abeyta]

Hello @Joseph Stamper, I've taken a look at long distance investing as well. You are looking in the right areas, Tennessee, Arkansas, and Ohio are great for cheaper properties. Just keep in mind a duplex under 100K will almost never be in the best condition in the best neighborhood. That being said, if you are comfortable with where it is located and the number work, I would go for it. Finding a great agent and property manager are two key components to making a deal like that work so I would focus on finding those two people ASAP.