Decided To Out Of State Invest

[Anthony Fecarotta]

I've been ramping up for my first purchase, and at 30 years old I'm kicking myself in the *** for not getting started sooner/being fiscally irresponsible in my 20's. With that said, I've pretty much gave up on the idea of buying in Chicago due to how much capital it's going to take to get as many deals done as I'd like. I have my sights set on investing out of state and I've been looking at cities like Detroit, Cleveland, Indy, & KC. I was wondering if anyone has any opinions on which one of these you'd prefer over the other. To give you a better idea, I'm focusing on buying multi family buildings in neighborhoods with high potential for gentrification. The lower the cost for property, the more rapidly I can make purchases as capital comes in from my primary job.

[Mike D'Arrigo]

@Anthony Fecarotta Don't kick yourself too hard. At 30 years old, you still have plenty of time. Of the markets that you mention, I like Indianapolis and Kansas City. Not only are they good cash flow markets but they also have solid economic/demographic trends which many markets don't. Detroit and Cleveland for instance have declining populations. I track about a dozen markets quarterly Below is a matrix with the most recent data.