Where to relocate in USA for flipping? Leaving military...

[Paul Winka]

Hi all,

WHERE SHOULD I LOCATE MYSELF IN THE USA TO BEST TAKE ADVANTAGE OF FINDING AND BEING NEAR FLIPPING DEALS?

That’s the big question I have. It’s quite a serious question too, because I very well may decide where to live in the USA based on what comes out of this thread. Why not go to an area of the country where I would give myself more advantages for flipping? Hopefully, there are others in this same situation that can benefit from this thread.

Here’s some background information on why I’m asking.

I’ve been in the military for 11 years, then been working as a contractor in combat zones the last five years. I’ve been away from home for 16 years! I am still overseas as I type this, but coming home in a few short weeks. I’ve saved well (nothing to spend money on here), but I don’t have a car, clothes (other than what’s in my backpack), or any items in storage. I do not necessarily want to move back to where I grew up either. Some areas are better than others for investing, of course. I have been able to rule out high-cost areas like San Francisco, New York City, Los Angeles, etc. Then there are landlord-tenant laws by state. If I can choose between a landlord-friendly state and a tenant-friendly state, well, that answer is obvious. But beyond that, I am not sure where would be best.

Most BP members are tied down to a certain area for some reason, whether it’s a job, married and spouse won’t budge, kids are in school, can’t bear to be away from home, etc, so they make due with their local area. But I don’t have any of this tying me down. The “my own backyard” doesn’t apply to me.

I am a newbie. I need to learn. I have saved quite a bit of money and won’t need to work a regular job for the next year at least. So the plan is to move to this new locale and invest my time and what I’ve saved with a seasoned investor and learn.

Where would you go if you were me, and why?

Thanks.