You can buy a great home in a well located and elegant neighborhood in the city of Vestavia in Birmingham, AL. The purchase price could be much lower than buying in California. For example this home is only $255,000 but it could rent for as high as $1600.
So think about making a diversification buying in your retirement portfolio, holding properties that are in very valuable and trendy areas of USA.
Buying an investment property is not as easy as buying an owner occupied home, is really more complex, so I suggest you take one of our classes to learn what you need to know before you take the risk. There are also acquisition strategies that aloud you to optimize the capital you are investing for down payment and closing cost.