New here, new to real estate investing, looking to start investing out of state.

[Tiffany Briones]

Hello BP!!

We started in 2018 by house hacking our home in SJ before knowing that was even a term. Built up alot of equity made some stock moves, life was good. New job opportunity opened up in SF and we were able to purchase a townhome in SF before the interest rate hikes. SF job went down the toilet and know we are back in SJ. Honestly it was for the best. Because it led us to bigger pockets, real estate books, and now legacy building. Currently we are in the process of renting out the SF home for a loss because we did not intend for it to be a rental but its in an area with alot of new construction and the city  is planning to improve the area we thought it would be a great area to live and believe it would appreciate in value overtime. We are looking for our next move. maybe bigger pockets can help guide us. 

We are looking to invest out of state. Looking at Colorado, Indianapolis, Kansas. 

We can finance with 100k down to use for a down payment or we have 400k equity that we can HELOC towards our next property?

If we buy in the midwest should we pay in full?

Should we invest for cash flow now or less cash flow but in an area with increasing population and growth?

What would you do? What should I be researching or educating myself on?

[Devon Shaw]

Hi Tiffany!

Central Indiana is an incredibly diverse market! We have seen amazing growth and improvement in many areas which really gives you a ton of potential options when searching for properties. There are numerous areas where you can get some cash flow but are solid neighborhoods that should see stable appreciation. 

As far as financing goes I would say it depends on your goals. If you want to get a few under your belt it may make more sense to leverage. 

I am an investor focused agent in Indianapolis. I would love to connect and speak with you further about our market!

My company offers a one stop shop for investors and most of our clients are out of state. We can help with every step of the process from purchase to rehab to management.