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Updated 4 months ago,

User Stats

4
Posts
12
Votes
Shrikant Kakani
12
Votes |
4
Posts

Not sure where to start my investing journey

Shrikant Kakani
Posted

Hi All,

I have been reading a lot of books and listening to a bunch of podcasts about real estate investing and I feel like I'm ready to take the next steps. The huddle I'm facing right now is I stay in HCOL (San Francisco) where investing won't make much sense due to high property prices. Hence, I have been exploring a few LCOL/MCOL markets, but I am not sure where to invest. Thus, I decided that out-of-state investing would make the most sense. Here's my research:

- I have been exploring Ohio and Texas, but the property taxes are extremely high and there will hardly be any cash flow. The same issue lies with Chicago as well.

- Then I checked out the Detroit market and realized that the job and population growth has declined in the past few years and landlords are finding it hard to fill the vacancies.

- Lastly, I checked out the Colorado market (especially Colorado and Colorado Springs), and the property prices are high there and hence, it won't cash flow there either.

Hence, while I want to begin my journey, I am not sure where to start. Maybe I'm overthinking? But being a rookie investor, I'm terrified and need help exploring the path to success. All inputs are welcome.

Thanks!

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