Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
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 over 8 years ago on . Most recent reply

User Stats

317
Posts
72
Votes
Paul Winka
  • Rental Property Investor
  • St Louis, MO
72
Votes |
317
Posts

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

Paul Winka
  • Rental Property Investor
  • St Louis, MO
Posted

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.

Most Popular Reply

User Stats

1,398
Posts
597
Votes
Alex Franks
  • Rock Hill, SC
597
Votes |
1,398
Posts
Alex Franks
  • Rock Hill, SC
Replied
Originally posted by @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.

Paul '

Move to where you want to live. Real estate should be a second thought. Real estate can be accomplished in every state. Sure some places easier then other. Then where that be , get involved meet the folks from those areas. There are plenty of folks from the west Coast ( just example that are doing projects in multiple south eastern states. ) Invest your time in education while settling down.

Just my two cents

Alex

PS I got a good friend been serving close to you for last 10 years over their  Teaching security and working with the police. He has been going on two year contracts. I appreciate all you folks do for us there. I don't think most folks realize how rough it is there.

Loading replies...