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Updated about 1 year ago,
New Out of state Investing what location is best??
Hi there, I am new to the Bigger Pockets forums and want to buy my first Investment property, ideally a 2-4 multifamily property I would buy and hold with long term renters. I live in Los Angeles so I wont be buying here as finding a cash flowing property here is almost impossible and I am a property manager and I already live rent free. So I want to buy in another city and state where I can put 20% down. From all the articles I have been reading there are several possible cities that could be good areas to look in and since I would be an out of state investor and I don't know these places well it feels overwhelming to know which one to pick. Detroit, Cincinnati, Huston, Springfield, Philadelphia, maybe even Saint Luis. Oh my! I would love to hear from anyone and everyone who has invested in any of these areas and what they have to say. If I could narrow it down to one or two of these places that would help me to decide and then I can go to them and really start looking! Thank you!