All Forum Posts by: Esha Chennubhotla

Hi there,

I am a complete newbie to real estate investing but really want to rip the band aid off this year and get my first property. I currently live in Los Angeles, CA so purchasing a property with good cash flow does not seem possible for me here. I am looking for something that can give me good cash flow as well as decent appreciation. I have been looking at OOS investing in areas such as Indianapolis, Columbus, and Cleveland. I also work remote so have the opportunity to live anywhere so have been thinking of moving to another urban city like Chicago that is more affordable and house hack for my first property, though I am not sure if the cash flow would be very high since I would want to live in the more metropolitan area of Chicago if I choose to do something like that. I have also thought of investing in Arizona since it is not too far from Los Angeles and I would be able to drive there to manage any issues that arise.

I am curious how LA investors chose a strategy for their first investment property. How did you determine the best OOS area to invest in or choose the best strategy. I have around $50k saved up so ideally I am looking to put down only 3-5% which is why I was looking at house hacking or looking at other areas where the housing market is not as expensive as California. 

Any guidance and advice is greatly appreciated, thank you!