Invest in CA or out of state?

[Eric Colicchio]

Hey there BP!

Wondering if anyone is currently buying in or around Southern California area, if so where?

I am finding the properties a bit out of reach for me in my local area, and I’m hesitant to start buying out of state on my first property. My initial plan was to find a duplex/triplex/quad using first time buyer incentives. Then I would house hack, enabling me to save enough money to begin BRRRRing.

However, even average SF houses in my area are 400-500k, and duplex/triplex are few and far between and even further out of reach. Rental returns for 2 bedroom seem have the best ROI, priced about 2k-2500. I am thinking I could find a better value in a different state, although its intimidating. Or possibly section 8 in CA?

Any advice is genuinely appreciated. I am committed to learning this.

**Note I have 15k saved now, and access to family funds (potentially) if I were to secure a property and show good returns as a proof of concept

[Jason Hsiao]

@Michael Parmenter

You don't have to live in the ADU like I mentioned. Some cities have owner occupied requirement some don't. Those that don't you can rent out both units and cashflow that way