Birmingham or Raleigh or Wait

[Angela Davis]

Hello BP friends. I recently joined the community and planned to start my 1st investment. Please see below for more details and happy to hear your thoughts!

Current Status: Sample picked few SFH in Birmingham and Raleigh--> Resulted (-$2,000) ~ (-$6,000) CF yearly

My Goal: 

- Positive Cash Flow > Break Even CF > Appreciation 

- No BRRRR at this time since it will be 1st time

Current Challenge: 6.375% with 30% down payment (consider the high rate impact the CF directly) 

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Questions:

1. Location: Birmingham or Raleigh? Any advice?

1.1: If Birmingham, any area recommendation? 

1.2: Any other location recommendation is welcomed!

2. Based on the current market condition and high rate, would you suggest actively looking or starting some book reading instead? 

Thank you!