All Forum Posts by: Jordan Budke

Hi guys, 

I'm a condo owner and resident of San Diego County. I'm currently working on paying off my debts and improving my credit scores, but have the long-term goal of using the equity in my condo to begin my investing journey. 

Are there any areas in CA that are good for investing? If so, where would you recommend to a rookie investor?

Prices in CA, specifically in my SD area, are prohibitive. We live in a 1bd 1bth with little ability to upgrade without spending $500k+. 

Investing in-state would be convenient if possible. I've considered the possibility of buying a small mountain cabin (1.5-2 hours away) to rent as an AirBnB but question if that is wise to start out with.

Otherwise, I'd love direction on places to invest other than CA. I've looked mostly in the midwest and southern states, such as IN, OH, IL, KS, MO, TN, AR, TX, MS, AL, GA, SC. So many areas. It's tough to know where to focus on and how to build a team. 

Hi guys, 

I'm a condo owner and resident of San Diego County. I'm currently working on paying off my debts and improving my credit scores, but have the long-term goal of using the equity in my condo to begin my investing journey. 

Are there any areas in CA that are good for investing? If so, where would you recommend to a rookie investor?

Prices in CA, specifically in my SD area, are prohibitive. We live in a 1bd 1bth with little ability to upgrade without spending $500k+. 

Investing in-state would be convenient if possible. I've considered the possibility of buying a small mountain cabin (1.5-2 hours away) to rent as an AirBnB but question if that is wise to start out with.

Otherwise, I'd love direction on places to invest other than CA. I've looked mostly in the midwest and southern states, such as IN, OH, IL, KS, MO, TN, AR, TX, MS, AL, GA, SC. So many areas. It's tough to know where to focus on and how to build a team. 

Never thought I'd be the first person to bring up Columbus, Ohio. But I am for different reasons--ignore those folks.

Personally, the interest is great that you have. But if you want to play ball the field is a lot deeper. I'd definitely look at neighboring states--NV, AZ. If those more fit your profile capital wise; I would stress quality over quantity and coming in where you're financially strong to weather the nonsense. And there's a lot, and I mean a lot, of nonsense in physical real estate. Avoid hoas, flood zones, affordable housing too.

Eliminate all personal debt, invest where you have hefty reserves and for a 10yr + time horizon, and really enjoy the tough processes of this. If that last part isn't natural to you, I wouldn't get involved.