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Updated over 6 years ago,
Newbie seeking investor friendly local agents in north OC
Hi folks.
I am looking into both local and out of state investing. My heart says to invest in the Portland area where I have family or Las Vegas, where I lived for 10 years. But my brain tells me that it would be smartest and most convenient if I could invest locally. I live in Seal Beach. My target area would include Los Alamitos/Rossmoor where the schools are excellent, or Huntington Beach/Long Beach which are both a stone's throw away.
I am starting to put feelers out there to start looking at deals.
I am likely going to be a buy and hold investor, though I am open to all forms of investing. I plan is to very strict in my criteria, as I want positive cash flow ( to reinvest), but am not looking to put down more than 30 or 35% down. This may be hard to achieve in north orange county.
I am open to both multifamily and SFH's.
Currently I have some money parked in some out of state syndications with a trusted friend. While syndication is solid, I want more control and more long term upside on passive (?) income.
So my goal is to introduce myself to some local investors/agents AND out of state in Portland and Vegas. While the cash flow in certain markets in the midwest/south make those areas tempting to jump into, I really don't want to make frequent trips to place I have connection with.
Thanks!