Newbie from Bend Oregon

[Sean Monaghan]

Hello everyone i just found this site and i love it already. it has been my dream to invest in real estate since i was 15, I was on track to start but got caught in the housing bubble and am now just recovering.  i have been listening to the podcast relating to small multi family and also the ones about investing out of area. my trouble with trying to invest locally is that property values are extremely high. compared to the rents. my main goal is to buy cash flow property so this is nearly impossible to do here.  for example an average house that is a 3/2 cost about $200,000 and it would rent for $1,100 a month. any thoughts on this? who else is successfully investing out of their area and what states or cities work best for this? also i heard in some of the podcast about portfolio lenders where can i get more info about this? thanks