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All Forum Posts by: Courtney M.

Courtney M. has started 21 posts and replied 224 times.

Post: Buying property out of state for a first-time investor

Courtney M.Posted
  • Lake Elsinore, CA
  • Posts 235
  • Votes 300

@Jeb Brilliant, I'm definitely not finding them - ergo why I'm looking in the midwest!

Post: Buying property out of state for a first-time investor

Courtney M.Posted
  • Lake Elsinore, CA
  • Posts 235
  • Votes 300

@Leon Li, I've never heard of a turnkey provider! I clearly have a lot to learn. Thank you!

Post: Buying property out of state for a first-time investor

Courtney M.Posted
  • Lake Elsinore, CA
  • Posts 235
  • Votes 300

Thank you everyone for your feedback!

@Dylan Vargas, perhaps I need to cast my net a little wider. The area I'm in has seen a lot of growth from OC (lots of new build communities) and many people THINK it is affordable (and certainly look down on it as it's not OC, LOL) but SFH are around $200k - yikes! I have about $20k ready to invest and I'd like to do it sooner rather than later.

@Jeb Brilliant, thank you! I actually grew up in an area with a desirable school district, so I keep gravitating back to that. I have a trip to Michigan planned in the near future so I may do some tours and kick the bricks, so to speak.

@Caleb Heimsoth, I hope to scale pretty quickly as well! 20 properties in 5 years is amazing!

Post: Buying property out of state for a first-time investor

Courtney M.Posted
  • Lake Elsinore, CA
  • Posts 235
  • Votes 300

Hello! I'm happy to be here on the BP forums.

I'm just starting to look at investing in real estate. I live in inland southern California, which is more affordable than the coasts, but still more expensive than what I'd like my first investment to be (around $100k). I grew up in Michigan and am a bit more familiar with the metro-Detroit suburbs, where starter homes are more within my desired price range.

My question is for those who started investing in real estate, did you stay local? It definitely seems easier to manage an asset when you can drive to it, not to mention are in the same time zone. Do you think it's a mistake to think about investing so far from where you live, given my lack of experience at this point?

Thanks!