Best market to start in

[Eric W.]

If you could pick one market in the country for an aspiring investor to get started in what would pick? Specifically looking into things like cost, area safety, ROI, taxes. States seem to South Carolina, Colorado, Arkansas, Ohio, Alabama among others but trying to narrow down specific areas to look. Thanks!

[Shiela R.]

@Eric W. okay, you don't like paying taxes.  Who does? I know 2 very successful investors who live and invest in DFW. Sounds like you need to open your mind to the possibility of a deal near you (however "near" is defined for you). Investing is not just about taxes. Go to your "zen place" (hiking, golf, back porch, etc)  Journal and get clear on what you want.  And why you are embarking on a REI journey. If REI were easy, everyone would be successful at it;) An objection to taxes or the like is just a block you are putting up to start your REI journey. You sound like you could learn a bit about the tax benefits of owning real property and investing where it makes sense for you.

For example, if I listened to the general consensus, I'd never have what I have. I hear all the time that my city is "sooo expensive" and "untouchable for average people". The median price of a SFH is about $I.1M. Yes that is median for a mid century home around 2000-2800 sq ft., not necessarily remodeled. But there is a housing cap which limits supply but the amenities of Boulder keep a steady, if not increasing demand. The economics of the Boulder RE market made it appealing to me for so many reasons.  Plus it's beautiful with great weather. When I started, I intentionally invested outside of Boulder in less expensive markets to build up my cash reserves. Then my husband and I bought and now own properties in the City of Boulder, including our primary residence.  Get creative. Get educated.  Get experience.