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Updated over 3 years ago, 04/24/2021
New to out of state investing, How to decide on a location?
Hi everyone! My name is Angel Scalero, I live in Redondo Beach, CA and I'm a new member here at BP although I've been listening to the BP Podcast for a while now. I've been steadily saving this year and continue to do so. I've got just over 20K right now.
I've been thinking so much about getting into Buy & Hold rentals this year, and now that I'm finally starting to get a little bit of money together to get started with, I'm having trouble deciding where I want to invest.
My area is way out of my budget, and I am excited about doing some out of state investing, but how did you decide on which area to invest in? AL, KY, TN, MO, GA, FL... I've heard about some great places, but without that local knowledge I feel intimidated to even pick a location.
Any advice for a newbie wanting to get started in this big beautiful game of real estate investing?