New real estate investor

[Vicky Liu]

Hi guys, I’m very new to real estate investing so I thought I’d introduce myself.

I live in Los Angeles, CA. With the low interest rates because of Covid, I have been actively looking to buy my first primary residence. My mindset was that I need to take care of my living situation first before I think about investing. However, competition is no joke. I found myself offering 70k above asking and still not making to top three. I’m a bit frustrated but now I’m thinking my money will work better out of state. So I’m gonna purchase investment properties first before I can afford to buy a home in LA.

Currently I’m looking at Birmingham, Jacksonville, and, Nashville. My question is are markets outside of California as competitive as LA? Being first time investor out of state, how do I learn more about local areas? Are there more markets I can research for?

Thank you very much for taking your time to read my post. I hope to connect and network with you.