Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Travis Raila

Travis Raila has started 6 posts and replied 26 times.

Post: 1st out of state investment - focus on one area?

Travis RailaPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32
Originally posted by @Grant Rothenburger:

@Travis Raila Find 3-7 markets, research heavily, decide on 1, maybe 2 markets to invest in. @Aaron K. Gave you some good things to look for, another is job diversity. You don't want (if you're a buy and hold investor) any 1 company providing more than 20% of the jobs in that market.

 Got it. I like the idea of starting with a short list of possible markets and then narrowing to 1 or 2 to really focus on.

Post: 1st out of state investment - focus on one area?

Travis RailaPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32
Originally posted by @Aaron K.:

It is probably better to pick a city and go from there...

 Thanks! Makes sense. Any advice on what criteria to consider when selecting one city vs. another?

Post: 1st out of state investment - focus on one area?

Travis RailaPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

I'm thinking about making my first real estate purchase, an out of state rental property, and wondering the best way to go about finding and analyzing a property.

Do people who are investing out of state typically pick one area, learn it well, and buy in that area? Or is it more common to do a more general search and focus on the math of a property?

I'm wondering if it's better to spend my time learning about one specific state/city/neighborhood or if that's less important.

Post: From SF, CA | Invests in Memphis, TN

Travis RailaPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

Right on.  Thanks for the info!

Post: From SF, CA | Invests in Memphis, TN

Travis RailaPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

Haha nice.

How come you went after Memphis?  Do you have family there, or a connection to the area?

Post: From SF, CA | Invests in Memphis, TN

Travis RailaPosted
  • Rental Property Investor
  • San Francisco, CA
  • Posts 26
  • Votes 32

Hey Mike,

I also live in SF and am considering out-of-state buy & hold properties.  I'm curious - how did you get started in Memphis?