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Updated about 1 year ago on . Most recent reply

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Cooper Cheon
4
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First rental property

Cooper Cheon
Posted

Hi everyone!
This is my first time posting and I’m so happy I found out about bigger pockets. I really want to buy my first rental property but I live in Orange County so it way out of my price range. I have 70k saved up and looking to invest out of state. I am thinking about Arizona or Idaho near the college towns since I used to go to college in Idaho and know how expensive the rent can be.
Would love to hear what everyone thinks, and where you think the best cities are to invest. Open to other investment opportunities as well.

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Tanner Lewis
  • Lender
  • Austin, TX
441
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447
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Tanner Lewis
  • Lender
  • Austin, TX
Replied

It just depends on your goals. If you are first starting, it makes the most sense to target high cash flow markets like the Midwest or the South and work on building a backbone of good cash flow that can allow you to chase appreciation opportunities. Once you narrow down to a city and an investment strategy, you will want to find team members to help you. First: a realtor that works with investors in your market. Second: a lender who specializes in your investment strategy. Working with both of these team members will help you narrow down your buy box to find that first great deal

  • Tanner Lewis
  • [email protected]
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