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