New CA Investor Looking to Getting Started Out of State

[Dan D.]

Hello BP,

I created a BP account last year, but have only been lurking on the forums, reading articles and listening to podcasts since. I am now determined to get started investing in real estate in the first half of 2018 so I think an introduction  to the forums is  good place to start. I've enjoyed reading discussions on the forums and I look forward to participating in them and continuing to learn and meet other real estate investors through the forums. My initial goal is to purchase a cash flowing property by the end of July 2018. Eventually I would like to generate enough passive income to retire. I currently work as an engineer and plan on using income from my day job to finance downpayments for rental investments.

I am interested in out of state investing as the cost to enter my local market (SF Bay Area) is a lot higher than I can afford and don't typically provide cash flow. Turnkey investments are attractive to me as a newcomer since I don't have experience in renovation and don't have a network of potential teammates. I'm doing research to try to find what markets I want to focus on trying to get into (generally the midwest markets are attractive). I am also currently looking at a few turnkey companies to see what types of markets they invest in and what their business models are like. I know I still have a lot to learn, so I welcome any and all insight into out of state investing or turnkey property investing from CA.