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Updated over 2 years ago,
Help needed in deciding a market!
Hi everyone,
Very recently I made a post on the forums as I have around 50k$ saved and looking to start out. My aim with that post was to get some idea on how I can proceed and which market should I buy in. My long term goal is to have enough cashflow to retire and then never worry about 9-5 (Goals of a lot of other people). Few things that I learned from the very initial posts and some of my questions:
1. One market that has been popping off a lot is Ohio. A lot of people are giving me good advice about the Ohio market. Is this the next famous market?
2. Famous markets like AZ, FL, Texas are not being mentioned by anyone. I guess they are saturated?
3. STR is also looking as being saturated. People prefer getting into long term rentals as a way to make stable and sure income. Would need someone to comment on this?
I am considering Ohio, Oklahoma city, Pittsburgh and SLC. I have friends living in Ohio and Pittsburgh and can use their help with stuff. I have a real estate agent whom I know from a long time in Oaklahoma city and that is why I am considering it. SLC came in my search and I have just kept it in mind. I know no one there though and have never been. What do you guys think from the markets I have? How should I choose one?
My journey resembles a lot of REI journey and with these post I aim to teach others on how they can do the same (once I achieve my goals).
TIA