Looking for advice diversifying outside of San Francisco

[Angeline Kung]

Hello all - I have been a real estate investor for a few years, and I have bought/held/sold SFH's and condos in NYC, LA, and SF. All of my properties have been cashflow positive and appreciated due to right timing and neighborhoods. I currently have all my investments in SF and I self-manage. However, due to Prop 10 and peak purchase prices, I am considering to diversify to other areas and style of investments. Currently, I am exploring in CA: Oakland, Pacifica, Sacramento, Vallejo; UT, TX. But managing remotely and in areas less familiar to me will be a new challenge. I am wondering if anyone has been in a similar situation of switching/diversifying from peak cities to up-and-coming cities? If so, what cities are you looking at and has it been worth it? Also, if anyone has any guidance on the cities/states I mentioned above or anywhere else worth considering, please let me know. Looking for any advice on transitioning to other opportunistic markets. Thank you!

[Tyler Hungerford]

@Angeline Kung Hi Angeline! This is the big money question isn't it? Well I know you've done investing in a lot of different markets, super expensive markets to boot. I help run a property management company in the Inland Empire and I've seen a lot of growth in that area. You can still find cash flowing properties for a fraction of the price you'd find elsewhere in California. Plus, you can pretty much expect that if Prop 10 does pass, it's going to be a loonnngggg time before we're going to have serious rent control in our area. 

I'd be happy to chat with you about your growth goals and share ideas on how you can build up your rental portfolios.