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Updated over 6 years ago on . Most recent reply

User Stats

192
Posts
68
Votes
Troy Williams
  • Rental Property Investor
  • Florida & Shanghai
68
Votes |
192
Posts

100K - Anywhere in the US, Where Would You Start?

Troy Williams
  • Rental Property Investor
  • Florida & Shanghai
Posted

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!

Most Popular Reply

User Stats

357
Posts
184
Votes
Elise Bickel Tauber
  • Real Estate Agent
  • Cranberry Twp
184
Votes |
357
Posts
Elise Bickel Tauber
  • Real Estate Agent
  • Cranberry Twp
Replied

Pittsburgh has great investments and tons of BRRR opportunities. Cap rates depending on area go anywhere from 7-14 CAP with most solid investments in the 8-12 range.

  • Elise Bickel Tauber

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