Looking for out of state investing

[Chaim Mal]

Hi all,

I am currently in Brooklyn ny and it seems that my area everything is way to expensive to invest in ( if someone has any information that would be great on how I can invest here) although if I were to purchase out of state how can I gauge the market and understand the situation/areas ? What do you recommend for some one out of state 

[Bernice Retzloff]

Hey @Chaim Mal!

Totally feel you on the Brooklyn prices! It’s tough to cash flow there, especially starting out. That’s why a lot of investors in your shoes are looking at out-of-state markets like Memphis, where entry prices are way lower and the rent-to-price ratio actually works. One of the best ways to gauge a market remotely is to partner with a team that knows the area street by street. In Memphis, for example, we focus on B-class neighborhoods near major employers like FedEx and St. Jude. Areas where homes rent fast and tenants stay long-term. We look at how quickly properties lease after renovation and how long tenants stay (ours average 3.5 years), which helps reduce vacancy and maintenance issues.

If you're just starting, look for a turnkey provider that handles everything in-house. Acquisitions, renovations, property management. So you're not trying to piece together a team from afar. That kind of setup helps you invest confidently without needing to fly in every week. If you’re curious about how this looks in practice, I’d be happy to walk you through the Memphis model and what to watch out for in other markets. You’re asking the right questions already! It just takes one solid first deal to get the ball rolling!