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Updated almost 3 years ago on . Most recent reply
How to determine which state or area is best?
Hi everyone, I currently own a property that I am looking to pull a heloc on. I would like to use the heloc to invest out of state but, I am having trouble determining what area/state is best for me. I am looking to possibly BRRRR with the funds and hold long term. Thank you in advance.
Most Popular Reply
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That's like asking "what car is best for you".
Way too much info is missing from your end to answer this question. You need to know:
1 - What your financial goals are
2 - What your financial capabilities are
3 - What your knowledge base is in the way of strategies
Then you need to apply these things to specific out of state markets to find the micro-markets (not all properties within markets are the same...even if the houses are identical) where the combination of #2 and #3 above will deliver #1 above.