All Forum Posts by: Spike Scarberry

Thanks! I should also mention I’m a single guy with no family so that plays into my willingness to move anywhere. 

Still wondering if moving to a super hot rental area is the best idea though... any thoughts on that? Or will competition be stiff basically everywhere? That’s part of why i wasn’t considering a road trip... most of the areas that are super hot (at least by my research) aren’t in driving distance of me. I def would like to leave CA. 

 My plan was to identify several areas that fit my criteria and then begin applying for jobs online until I got one. I don't think I'm bold enough to move first without a steady job, though my ultimate goal would be to replace my salary in (hopefully, please, maybe) a decade through rentals. 

Total newbie here. Sorry if this has been asked before. I did a search and all the discussions were a couple years old.

I currently live in LA and want to move. Overall burned out on the city but a big reason for that is the cost of entry to invest in real estate. I'd like to move somewhere with a lower cost of living, ideally where I can house hack and start investing in rental properties and build wealth. I'm really open about the idea of moving and not terribly picky on where. 

Here's my big question - should I be looking to relocate to a market that I already know is red hot (Colorado, Texas, etc) or does that just make the whole process more challenging due to increased price/competition? Should I be looking for up and coming markets inatead? Or does that just rob me of potential revenue from the higher demand? 

Also I've been told that I should visit the places I'm considering moving to see if I like it there, but honestly I'd rather save that money and use it for a down payment. Am I being really stupid by not actually putting boots on the ground first? 

Would appreciate any and all advice on this! Thank you!