Taking a Dip into 'Out of State' Investments

[Angad Bhullar]

Hello All,

Glad to be part of this Forum.  Tons of great information.

I'd like some quick answers and suggestions from you.   I am a Realtor in CA and want to start purchasing some properties out of state.  Looking to purchase in the $50K - $100K range.   I have done some research and like the San Antonio, Oklahoma City and Jacksonville, FL areas.  Planning to pick one and stick with it to build a portfolio.

What do you all think of these areas.  Which do you think is best to start at and why?

[Jay Hinrichs]

Texas  = high property tax  foundations and storms.

FLA = medium prop tax  HIGH insurance.. check that.  super rough area at those price points

OKC = pretty stable but economy and strength of market are not the best.

alternatives to check  Indy  low tax ripping economy and tenant base and 100k buys you a nice home  do NOT buy 50k or under homes in any major MSA those are the hood plain and simple.

out skirts of Cleveland we are finding are treating us well..

B ham   Jackson  rural SC

all alternatives