I’m looking to start generating income through real estate, but real estate in my area is way to expensive. How does real estate work when I live in California and want to purchase in other states? If anyone can guide me in the right direction or set me up with informative videos to watch, that’d be great! Also, is it a good market out of state? Please bless me with any information.

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Liked for not putting F in the chat

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Don't buy property in other people's states

funny

It works like this:
- find a property in another state (via online apps, a realtor, or whatever other means you might have)
- submit a bit, go thru due diligence, and close on the property
- find tenants for your property (either through a property manager, or by collaborating with a boots on the ground person)
- …. Start collecting rent!

I live in California and own a few properties in Arizona. I manage everything myself. I have what’s effectively a personal assistant who helps me with in person activities when needed. I visit my properties once or twice a year. It’s not too hard.

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Wanted something drivable so we could enjoy it too. Compared several markets and AZ had better cashflow.

$

HCOL is HCOL for a reason.

You likely won’t make much income through real estate in LCOLs due to vacancies and loss of value year over year

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