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Updated 5 months ago on . Most recent reply

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1
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10
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Michelle Macias
10
Votes |
1
Posts

Out of state Investor

Michelle Macias
Posted

Hello, 

My name is Michelle Macias. 

I am an investor based out of San Diego CA. I’ve flipped homes and currently own two multi family properties in the L.A. county area. 
I am wanting to purchase another multi family out of state. L.A county and San Diego county are too expensive. 

I’m new to out of state investing , so any pointers would be greatly appreciated. 
I have been doing my research as to what state to buy in, but have not narrowed it down yet. 
Any help is appreciated. 

Most Popular Reply

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849
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826
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Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
826
Votes |
849
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Simon Ashbaugh
  • Realtor
  • Columbus Ohio, Cleveland Ohio
Replied

Hey Michelle, welcome to BiggerPockets! I recommend that you first identify a strategy for your investment and make sure that the market you choose supports it. Also, building your Core 4 Real Estate Team is important when investing out-of-state. This team should include professionals like agents, lenders, contractors, and property managers. There are a lot of markets where you can generate a profit. The Midwest for example offers a great opportunity for investors due to its affordable housing market and strong rental demand. You should check it out. All the best!

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