Out Of State Investing – Good Or Bad For California Investors?
As most home buyers and real estate investors in Orange County know, the real estate market in Orange County has been hot this year and isn’t showing any signs of slowing down. Investors who are wanting to expand their investment portfolios and are turning their attention outside of California to take advantage of the wide variety of investment opportunities that can be found across the United States.
Why Buy Homes Outside Of California?
The answer to this question is simple. As Orange County homes become more expensive, outside investment opportunities become more attractive. In major cities like Memphis, Atlanta and even Pittsburgh price points are much lower, sometimes 40 to 120% less and proportional rental rates are a lot higher (especially in college towns). Due to these two factors, the cash-on-cash return for an investor will be higher and produce a much better return for the investor.
Is The Hassle Worth It?
Most people that have considered buying an investment home or property outside of their home state has probably heard the “horror stories” of what comes with buying a home out of state. But in 2012, those stories are becoming less frequent since more realtors and property management companies are becoming available that can help the home buyer/investor find the right home they are looking for and even manage it plus collect the rent so all the investor has to do is make the decisions and collect the return on their investment without having to leave the state.
To get started with buying an out of state home, contact the experienced team of realtors at Fred Sed & Associates today by calling (949) 272-0125 or emailing us at firstname.lastname@example.org.