All Forum Posts by: Megha Sharma

Yes , definitely we will be going to look at the property and the area nearby once we get any deal . We are searching for deals online but will definitely consult a realtor in the respective market and will go in person to check it out. Thanks for the links.

 I'm thinking of Reno or Carson city, would definitely like to know more about the market over there. Thanks 

I live in California (North Bay region) and I own a SFH here and I am planning to invest out of state. I have a budget of around $250k. I'am considering Arizona , Nevada or North Carolina for investment . Which among three ( townhouse or condo or SFH) is better for appreciation and cash flow and property management will cost low among three? I'am considering these states as property tax and tax are low in the states and my husband did his graduation from Arizona and Nevada is closer to where i live and North Carolina is in my mind without any specific reason:) .

I and my husband does not have any relatives or friends in any of the states, so we don't have pretty much any idea about the market in any of the states. We are doing  online research about the market and decided t invest in these three states, and if we find any good deals we may invest another $200k in the market in the coming months. Is it a good idea to buy a duplex as a first investment or different real estate properties ?

Thanks each one of you for your valuable suggestions, they are very helpful. 

Thanks everyone for your input. I would read David Green's book on OOS @DJ Dawson thanks for the suggestion. 

@Emily Beatty I tried looking here in bay area but could not find any deal in my price range and Sacramento will be a bit far for me. I will look into Indianapolis market also @Alex McIvor, I think OOS is the only viable option for me right now.

Congrats to you and your wife.

I live in San Jose and has to plan to stay in the city for another 6-7 years. Is it a good idea to buy your first ever property as a out of state property as home prices are very high here. Due to recent changes (because of covid) my husband can do work from home so we can move around bay area like 80-90 miles but can't move out to another city or large distances due to company policies and all. We are confused whether to look for properties here as we will be paying rent which costs another 2k-2.6k per month for another 7 years or should we invest in OOS . If we look for property here, it will be definitely in some bad condition and not so good location as home prices are high and we won't be able to afford otherwise. Is it a financially good decision to invest where you stay to prevent high rent cost or OOS is a better option when you can afford some good house in oos property?

If I opt for out of state property, I'am looking in the range of 110k to 130k SFH property which have good appreciation and if there is cash flow it's great otherwise break even will also work. In which market should I look?

I'am also looking for OOS investment in SFH. I will be a first time buyer and I have no family members residing here in US, so I have no previous knowledge of any market. I reside in San Jose California which is very expensive for me to invest in. Currently I am looking into Memphis, Nashville, Boise ID, Indianapolis and NC market but very confused where to buy. Atlanta , Cincinnati and Kansas city also seems to be interesting .

@Naeem Kapasi

Thanks for the info. I really like appreciated your two cents.

As I will be buying out of state property, so I won't be able to manage all the rehab there as I will be totally new to the area. Does the wholesaler will suggest some good property management companies who can look into rehab and guide me.Is it possible under my budget?I'm planning to hold the property for at least 8-9 years. 

@Gary Mac

Thanks for the info. I used to live in Tempe,Az for around 3 years. Which location is good in Az for good cash flow and appreciation value under my budget? I have seen students renting out more apartment homes and condos in Tempe. Is investment in SFH in Tempe a good idea? Which city( Mesa, Tucson, Tempe, Phoenix, Chandler and Gilbert area for investment in SFH) will be suitable for long term goals (around 8-10 years)?