Finding markets out of state

[Brian Schmidt]

Hey BP,

When first starting out and searching for a market to invest in what are good things to look for? I'm considering out of state investing but am unsure where to start looking. My plan is to BRRRR 5-10 SFR properties over the next 5 years or so. I've read up a little on establishing your core 4 and to check out local unemployment rates, school districts, and such, but is there a method to picking an out of state market or just somewhere where the numbers and outlook looks good?

Thanks in advance!

[Christian Becker]

@Brian Schmidt

Google best places to own rentals. Read on this site. Ask people questions. Looking for appreciation or cash flow? Anywhere Midwest for cash flow. Some hot spots you'll find are Indianapolis, KC, most of Ohio, Milwaukee, etc. look at any town in the Midwest for cash flow. Start getting a feel on the MLS. Hook up with people in that area on BP. Search for investors in the city you're interested in. If you don't know pick any. I looked at 3-4 cities and got s general sense. Then started narrowing and looking closer, posting questions about the cities and found people to ask questions.