Hello and Help!

[Tanner M.]

Hello BP community! New member to this page and would like to connect with newer out-of-state investors. I am currently in the very beginning phase of my real estate investing path. Would like to connect with new out-of-state real estate investors. Mainly investors that have just completed their first out-of-state deal. I live in California (SoCal) and own my primary residence. I want to purchase out of state for a number of reasons (Landlord/tenant laws, tax purposes, purchase price, cash flow, etc...) I'm interested in buy and hold deals through the BRRRR method. I need help jumping into this life! Thanks in advanced.

-TM

[Jonathan Greene]

This isn't the best time to be focused on out-of-state BRRRR as the metrics are going to be hard to evaluate and make work, especially form afar without local knowledge. How are you narrowing down the areas you would want to do this in?

[Bradley Buxton]

@Tanner M.

As a former CA resident there are multiple challenges with investments in CA. I'm i the Reno, NV area now and there are opportunities and the benefits of investing in Nevada. Landlord friendly, low property taxes, no state income tax, and tech and manufacturing job growth. You can still BRRRR with a different approach than in the past 10 years. Purchase prices are not as low as the mid-west but the proximity CA, and the strong appreciation are huge positives. Because interest rates are higher than before you're expectations on the strategy might have to get adjusted and be more creative in the acquisition.