Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 2 years ago on . Most recent reply

User Stats

1
Posts
7
Votes
Sam Meade
7
Votes |
1
Posts

Investing out of state.... so many options!

Sam Meade
Posted

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

User Stats

108
Posts
52
Votes
Michelle Bateman
  • Realtor
  • Kansas City, MO
52
Votes |
108
Posts
Michelle Bateman
  • Realtor
  • Kansas City, MO
Replied

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! 

  • Michelle Bateman
  • [email protected]
  • Loading replies...