What exactly are you intending? Are you going to work in OK and then move back to California later? Are you interested in out-of-state real estate investing?
If you are intending the latter, you should do more research and take more classes in order to do so. I recommend Lisa Vander’s workshops at http://www.pacblueinvestments.com. Not only can she teach you how to do well in real estate, she also gives you access to various real estate agents around the country.
There are many areas around the country that have not experienced the appreciation that California has, and those areas are now experiencing growth. Will they grow like California? Most definitely not. However, if you realize the attributes of various market areas of the country and use those attributes accordingly, you will be successful in real estate.
I know that Lisa has recommended Oklahoma as one of the areas that will see some decent appreciation for the next few years. She classifies Oklahoma (as well as Missouri and Kansas) as a cash flow market – it provides good cash flow, appreciation is somewhat low. Other areas that are experiencing good real estate activity – North Carolina, South Carolina, Georgia (she classifies these areas as high appreciation, low cash flow market).
Like I said, it really depends on what you are intending and how much work you are willing to put into it. At least take the first class (real estate investing basics). If you feel that this is something you want to pursue, you can take the Road Trip Workshop, which shows you what areas to invest in and the various features of certain markets and how they can fit what you want.
Right now this is basically what I’m doing – taking the real estate gains that I have received here in California and then re-investing those gains in out of state properties. It has allowed me to lower my taxes to a great degree.
Now that all that have been said, yes, I would recommend investing in out of state real estate properties once you go through those classes. It will lower your taxes more than you can possibly imagine, you will gain appreciation which you can tap when you are ready to buy here in California. Also, it can help set up a second income for you so that you can essentially stop working at some stage and still get income. Once you see how it all works together, you will probably kick yourself for not doing this earlier.
