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Updated over 4 years ago on . Most recent reply

User Stats

9
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3
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Anh Nguyen
3
Votes |
9
Posts

Newbie needs advice for investing out-of-state

Anh Nguyen
Posted

Hello guys,

This is my first time posting in this forum even though I've been following the site for about 2 years now. I'm living in the Silicon Valley and about to graduate college with an upcoming job as a Financial Analyst for a tech company. But I've started looking into investing in real estate after getting hit by the BiggerPockets podcasts on Youtube, which makes me want to pursue my financial freedom. I was brainstorming to have my first property out-of-state because it's impossible for a college grad to buy a house in the Silicon Valley right now. But I have enough savings for a down payment for a single-house rental property maybe in Texas (ranges from $150k-250k). I've listened to the podcast and figured that it would be tough to pursue an out-of-state property for my first deal. So I'd appreciate if I could have any advice as to what I can best handle the situation. Thank you!!!!

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