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Updated over 8 years ago on . Most recent reply

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36
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Pinaki M.
  • Little Rock, AR
12
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36
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Please suggest some good rental markets

Pinaki M.
  • Little Rock, AR
Posted

I just joined this site. I am a complete newbie and I'm a few chapters into "The Book on Rental Property Investing" by Brandon Turner. My goal is to buy some properties and rent them out for cash flow. Now the problem is, I live in the San Jose, CA area where the current prices are out of my reach. Recently I have been told that for my current job, I am allowed to work remotely from anywhere in the county. This opens up a lot of possibilities. I have been thinking of moving out of California to another state where I can get better ROI than CA. My plan is to move to this place, buy a property or two and manage them myself.

So my question is, what cities/town/states should I consider where I can get a decent ROI? For starters, let's assume that I am open to moving anywhere in the country where prices are relatively cheap and where I can get good returns.

All suggestions and advices will be greatly appreciated. Please help me out. Thanks!

Most Popular Reply

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2,771
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
1,233
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2,771
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Al Williamson
  • Rental Property Investor
  • Sacramento, CA
Replied


Wow @Pinaki M. you've got a winning opportunity.

But I want to expand the discussion a bit. Before you move, you need to have your "why" well defined. Why do you want this cash flow? Is it be happier?

If so, that really tells you that you should move to somewhere that makes you happy.

Real estate markets change all the time. Things go wrong no matter how smart you are. You don't want to be stuck somewhere and doing something that makes you unhappy.

So, start with the end in mind. Then pick locations that meet your "why". Then pick investments that you would be happy with even if (and when) things go sideways.

Best to you. And I hope "Murphy" never visits you.

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