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Updated about 4 years ago on . Most recent reply
Purchasing First Property Ever + Out of State - Need Advice
I currently in Norcal where housing prices are very high. I want to start investing and purchase my first property out of state (I am thinking Ohio). I have done my research on safe, cash flow friendly neighborhoods I want, but after reaching out to an agent there - they recommended against investing out of state. I have done my research, have been listening to podcasts, read a few BP books, including "Long Distance Real Estate Investing" and am very interested in doing this. I want to start getting my core four team together.
Do you have advice on how to invest out of state successfully? How should I get started? Any advice (for or against it)? Thanks!
Most Popular Reply
I recommend the neighborhoods that are transiting from C to B. The highly appreciating neighborhoods with good rental rates!
This seems to be places like Hungarian Village, Merion Village, Reeb-Hosak, Vasor Village, Southern Orchards, Driving Park, Franklinton, North Linden, Old Oaks.
I bought a place in Hungarian Village, in less then 8 months it more than doubled in value (with a little work) and is net cash flowing more then $1,800/month.