Newbie from Sacramento, Interested in OOS

[Haley Dahlgard]

Hello BP! I am a new investor who recently moved to Sacramento from the Bay Area. I would like to househack in Sacramento, but want to start focusing on investing out of state.

I work as on occupational therapist, and my first goal is to be able to cashflow enough that I can be financially free in 3-5 years, and then grow from there. I currently have 80k to invest, and can save about 15-20k more per year. I am interested in no/low money down and creative investing strategies, as I don't think I can reach my goal if I have to put 20% down on each property. I'm thinking BRRR is the way to go. Perhaps do a lighter BRRR first to gain experience, then do heavier rehabs. I'm also interested in seller financing and investing with partners (who can provide more capital) once I start to build my investing resume. I would really appreciate any suggestions on how to work with the amount of capital I have to reach my cashflow goal!

I have been spending way too much time trying to choose an OOS market. I am thinking that I should avoid the super popular markets because there is probably a lot more competition, but I’m not sure if this is the right way to think. I am currently looking into San Antonio and have also considered Columbus, Cleveland, and Atlanta, as I have friends and family there.

I love real estate and am eager to get over my analysis paralysis, start making connections, and building my team!

Haley 

[Lee Ripma]

@Haley Dahlgard - go for it. I like value add MF over BRRRR. Same principle, longer time line. Since you have money you can invest now you can get a value add 6,8, 10 unit (or whatever you can buy in your selected market) and force appreciation through raising the NOI (google this if you don't know what I'm talking about). You could do the same thing with a duplex. Just because a market is popular does NOT mean it's a bad choice. It's popular for a reason and there are so many properties in any market.