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Updated over 1 year ago on . Most recent reply
Investing out of state.... so many options!
Hi All,
long-time lurker on Bigger pockets, but a first-time poster.
I am beginning my real estate investment journey and know that I want to invest in a property out of state (I currently live in Seattle, WA). I would like to find a property in the 200k or less range to start. I am thinking of a single-family or small duplex. I am hoping for a CoC of around 10-12%.
I am open to most markets in the US but starting to feel overwhelmed by the multitude of options. I am having trouble narrowing my search down to one market.
I am curious how you out-of-state investors narrow down your search criteria? Addtionally, what markets would you recommend to someone like myself?
Thanks in advance for your advice
Most Popular Reply
![Michelle Bateman's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1347228/1680660732-avatar-mbateman.jpg?twic=v1/output=image/crop=3036x3036@381x1487/cover=128x128&v=2)
Analyze the market by looking at economic pull of the city, educational/recreational facilities, industrialization/commercialization, and medical facilities - these are just a few that will get you started! Cities like Kansas City and Cleveland are great markets to get into because the barrier to entry is still low enough to make it affordable and minimize risk while also having good upside potential. Since it's applicable here: I have a podcast where I interview investor friendly real estate agents across the nation - I recommend listening to the episodes in the Cleveland/Columbus areas and reaching out if you have any questions! I can also get you connected with a few great investor friendly agents in Cleveland and if you want to pursue or have questions about Kansas City I am happy to discuss this city as well. I may be biased, but there isn't a better city to invest in right now than Kansas City!