New to out of state investing, How to decide on a location?

[Angel Scalero]

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?

[Michelle Cernansky]

Hello Angel! I'm in pretty much in the same boat as you! I live in Torrance, am new to real estate investing, have about the same amount saved up as you, and am interested in Buy & Hold out of state.

I haven't done any deals yet, but when I'm thinking of where I want to invest out of state, I tend to look at cities/states where I know friends or family that live there already and can give me info that I otherwise would have to find out by going there myself.

Are you going to the BP Conference in Nashville in a couple weeks?