First time out of state investor

[Kyle Craig]

Hi my name is Kyle Craig I have been studying and learning about real estate investing for the last 10 years.   I have 4 years experience in property management.  I am very passionate about personal development and have been in sales and business development since I was 18 years old. Most of the investing I have done has been in Arizona and I have mainly only done small mobile home flips.  My goal is cashflow I want to buy and hold.  I have roughly $30,000 cash to invest with and at least $10,000 that I have access to on credit cards.   I live in San Diego, CA so I will be an out of state investor.  My best friend and business partner is flying out next weekend from Arizona to view the neighborhoods and to look for deals for him and for myself.  Your help and input is greatly appreciated.  Our dream is to become full time investors so thank you in advance for helping myself and my family achieve our goals and dreams!

[David Faulkner]

I'm up the road from you a bit in OC. I can't offer you much advice for investing out of state other than don't do it. I can however tell you lessons learned over the last 15 years investing both in and out of state and how I was able to build a small portfolio of single family homes in SoCal that are easy to manage, have great appreciation, and cash flow like a freight train as the cherry on top. I know other buy and hold investors who are killing it in SD too that I'd be happy to refer you to if you like ... otherwise, I wish you luck with your investments out of state.