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Updated over 6 years ago on . Most recent reply

Should I choose to invest out of state?
Most Popular Reply

@Michael Schaper The Midwest is not Texas. As a general rule of thumb, the more expensive a market is, the more likely it won't cash flow.
In the Midwest states, Michigan, Ohio, Indiana, Illinois, Wisconsin, Missouri, etc, there are houses you can find for under 100k and they will rent for ~$1000/month. These are the perfect opportunity for BRRRRs because you can acquire them for 30-50k, put 15-20k into them, and they're worth 85k-110k (at least in my market).
If you're considering investing out of State and have money, I would find some experienced players in the market you're interested in and connect with them. Maybe become a Lender for them on a few deals and you will learn a TON about their market all while passively collecting interest checks.
Texas is hot (literally), but it's not the Midwest. If you really like that State, then find a city where your ideal strategy works and connect with someone more experienced if you want to get your foot in the door.