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Updated over 6 years ago, 09/19/2018
100K - Anywhere in the US, Where Would You Start?
Assuming you have no other major obligations or constraints (i.e. family, job, finances) guiding you and could pick any place in the USA to move and build/start a real estate portfolio, which city would you start?
You have 100k and the objective of your move is to start in a location which can build passive income short term (within 5 years), not just long term wealth investments. A place for opportunities with high rent returns for relatively low purchase investments.
This question assumes you have good enough credit, debt/income ratio, income, etc that getting the loan will not be an issue.
FYI, the reason I ask is that it just so happens, I'm in just this unique situation explained above and am curious where other's would pick. I'm not a total newbie, but I have been buying properties while living and working abroad, with design, construction, and property management experience. I want to make a move back with the sole objective of dedicating full time to expanding my real estate portfolio.
Thanks in advance to all who share!