Newbie's to Real Estate Investing out of state

[Ola Inyang]

As a newbie to real estate investing, I'm excited to embark on this journey of building passive wealth. I'm particularly interested in investing in single-family homes (SFHs) or multi-unit properties in emerging cities across the United States. To make the most of this opportunity, I'd love to hear advice on promising emerging cities to focus on, the advantages and disadvantages of each, and alternative financing methods beyond traditional mortgages

[Mike Paolucci]

Hi @Ola Inyang. Glad to see another Bay Area investor looking into investing! I'm originally from San Francisco and started off as an out of state investor back in 2021 with a single family home. I chose Columbus, OH due to the lower entry costs, cashflow and appreciation and have been pretty happy with my decision so far. 

Depending on your investing goals. I'd recommend doing some research into the markets. Dayton & Cleveland are also great options for cashflow and Cincy is another great market to research. 

#1 Figure out your investing goals and what you're looking for out of your portfolio (cashflow vs. appreciation vs. combination of the two). 
#2 Research the various markets you're looking into (population / job / economic growth currently going on in those markets) and then make your selection. 
#3 Start working with an investor focused lender / realtor / property manager and get good at analyzing numbers.
#4 Once you're comfortable with everything and you find a deal you like, pull the trigger. Don't get stuck in analysis paralysis.

Happy to answer any questions & share some experiences as an out of state investor.