I’m in the very beginning stages, although I do have one rental, and my primary will eventually be another rental. 

I’m getting ready to make my next move in 2025 and I’m contemplating on staying here and buying a multi family property as an investment out of state (only an hour away) which would be a lot less capital and have a lot more land lord friendly laws or buy another multifamily as a primary residence locally and hack that property I’m single and live alone.

It was my primary home and is now going to be my LTR.

Not able to move (at least for a while) due to my job.Looking to use savings that would’ve been for a primary residence down payment to invest in rental property out of state.Would love to make connections, hear thoughts on good markets to look into, strategies to maximize return, etc. 

Monthly payment is 1900 with a 6.5 rate and would rent for 2500.posted in another group but realized it was the wrong one Hey Keith, I've helped other clients do this sort of thing - vacating a primary residence and then pull out cash to purchase another property elsewhere.

Homestead exemption in LA is a tax break that homeowners get on their primary residence.

I have created a lot of loss in my taxes over the last few years and now want to get a mortgage for a new primary home.

Then set aside the equity to invest outside of a primary home.

SUBSTANTIALLY.I highly recommend tapping into your equity and accumulating some more assets at these prices, you will thank yourself in 3 years.The best and most cost effective way to do so is a simple cash out refinance, I don't think you should touch your primary, but leverage your investments for sure.

Quote from @Anne Christensen: I'm just starting my real estate adventure, but I do rent my basement on my primary home.