Recommendations for first time out of state investing

[Zeina Awad]

Hello BP team, 

          How are you all? Hope all is well. I am looking to invest outside of California for the first time. I am looking to rent and hold (purchase a rental income property). Any recommendations for which cities and dates to look into as a starter? Would appreciate the insure. 

[Jared Smith]

@Zeina Awad great question and one that we have helped many new investors like yourself answer. There are multiple markets you may want to consider. Some of the ones many of our new, and experienced, investors alike are choosing are Memphis, Little Rock and OKC.

Why are they choosing these markets as a starting point? These cities all offer solid fundamentals in rental markets. Strong rental demand (~50% of each of these markets are renters), solid job base in various job sectors, and a steady growth opportunities in both market appreciation and rents. The other side of this is equation is affordability. You can still find homes in these markets, among others, that are priced between $160k to $275k that still provide passive income, allowing your residents to pay down your mortgage, cover your other expenses and still have excess money to either save in an account for future investing or pay down your existing mortgage faster. 

If you would like to discuss any of these markets, or any others that we support, I'd would be happy to answer any and all questions. Best of luck in your research and search!