Out of state investors can do really well here, but you can also lose a decent chunk of money if you buy wrong.Lots of out of state investors, especially those from California get a little blindsided because everything here is so cheap it all looks like a guaranteed great deal.

I've considered going Dave Ramsey and buying a house with cash and upping my budget to $100k in a smaller market, but that would blow almost all my savings, and $100k just doesn't get you much anymore.

For context, I'm based in the SF Bay Area in CA and looking into buying my first OOS rental after house hacking locally for 10 years.

buy house  find renter rent house maintain house pray they pay rent and dont destroy it.

I’m trying to buy a second multi family.

Investment Info:Single-family residence buy & hold investment.

After that, we are looking to buy maybe 1 or 2 more SFH this year. 

We also have many unique buyer incentives where an investor can get up to a 10% price reduction to come into immediate equity, or get that 10% as a cash back at closing to reduce your down payment and increase your ROI, or buy rates down into the low 4s on 30yr loans to maximize cash flow.

Investment Info:Single-family residence buy & hold investment.

Investment Info:Single-family residence buy & hold investment in Oceanville.