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Updated over 2 years ago,

User Stats

4
Posts
8
Votes
Jake Pickett
8
Votes |
4
Posts

What area should I invest out-of-state?

Jake Pickett
Posted

Just starting the journey of real estate investing. I live in Washington state, so I'm looking to invest in a market out-of-state where I have no contacts. I want to find a market that cash flows and hopefully has some appreciation as well. I know that appreciation is where the big gains can be, but I also can't be eating money every month. I know that cash-flow markets are typically in the Midwest and cash-flowing assets would allow me to build up money for future purchases too. I've read through several posts where people recommend Ohio, Indiana, Oklahoma, etc.

I'm looking at long-term rentals in the residential space (SFH or 2/3/4-plex).

I know that the sooner I take action the better, but I also don't want to pick a market without doing my research. Ideally, I would love to continue purchasing rental properties so sticking to the same market and keeping the same realtor/contractors/PM/lender would be great.

Any recommendations on what market to pick or how to choose a market? I'm open to any other suggestions as a newbie or related to any assumptions I made above :)

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