New Member in Los Angeles

[David Diaz]

Hello BP members,

I'm new to BP and to Real Estate investing in general.  I have a sizable amount (all cash) to invest- however that amount doesn't go very far in the LA market.  I had mentioned in a previous post that I am working with a hard money lender to fund my first flip deal, however I have had trouble actually finding a good deal.  Several responses mentioned/recommended out of state investing and I am learning more about that now from some of those members.  My question is; what are others' experiences with investing out of state and what would that look like for a first time investor?  Also, this is something that I am looking to make my primary source of income, so although buy and hold options are definitely in my future, that's not for me at the moment.

Thanks,

David