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Pros and cons of buying out-of-state rental property in 2022

Housing Wire

Not everyone can afford to invest in rental property in the area they live in. Whether cash buyers outbid you or you can’t get financing to cover the high costs, it puts a damper on your goal to add real estate investments to your portfolio. If you invest outside your state, you may want to hire a property manager.

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Pasadena Housing Market: Prices,Trends, Forecast 2023

Marco Santarelli

Pasadena, CA, is currently a seller's market, which means that there are more buyers than available homes for sale. This is due to the limited supply of homes and high demand from buyers, which is driving up the prices. Pasadena has a growing population and strong job market, leading to steady demand for rental properties.