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Updated over 6 years ago on . Most recent reply
If you can relocate anywhere in the US to invest, where is best ?
I am going to go all in and be willing to move anywhere in the US to invest in rental properties.
I am a truck driver owner operator and my wife just finished Law School with a JD degree. Being a long distance truck driver, i can live anywhere. My wife would be more likely to get a job in big metropolitan areas.
Here are my criterias:
- Single family 3 bed, 2 bath homes must not cost more than $120k and be able to rent for $1000 to $1200.
- Home must be in a decent area with schools that have at least a 5 out of 10 overall ratings.
- Areas must have jobs and growing population.
- State, City must be landlord friendly and allow for quick eviction process. (California takes 6+ month process so it is out)
I was narrowing it down to Columbus, Ohio. But my list included Kansas City, Saint Louis, Memphis, Cleveland, Minneapolis, Indianapolis, Birmingham, Houston, Dallas, Jacksonville FL, etc...
For the experienced investors, where should I go ? I want to have 1 million equity in 10 years.
Most Popular Reply
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You already live in a city where you can easily achieve your goal of $1 mil in equity in 10 years. I also live right by Duke. Your characterization of Durham is not complete or accurate. There are quite a few areas you could ride a bike to which have homes to be had for decent prices. Not on the MLS, so you're gonna have to hunt them down. One of my properties has nearly tripled in value in 15 years. Another has nearly doubled in 3 years. Of course, if you move, I'll have less competition :) Up to you.