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Updated almost 6 years ago on . Most recent reply

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Uncommited and looking for great markets to move to for investing

George Lambrakis
Posted

I am Single, I work from home on the computer, and I want to start investing.  I want to pick up and move to a great market for a year to learn it well.

So how do I find and identify good markets?

I discovered that Indiana has a great combination of affordable homes\taxes\and landlord laws, but I heard that Baltimore has a high rent/value ratio ( ~2% rule as of last year ). These are my top choices as of now, but I really don't know where else I might look. I don't even know how to determine where to look.

I'm hoping someone can make some suggestions for good markets. My primary interest is cashflow.

Also, I'm hoping someone can advise me.. : How do I find markets?  - Please share: how do you identify and research markets?

Thanks you

Most Popular Reply

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287
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Solomon Morris
  • Rental Property Investor
  • Maryland
205
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287
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Solomon Morris
  • Rental Property Investor
  • Maryland
Replied

@George Lambrakis I personally invest here in baltimore and I completed my first small multifam deal this past december.  Baltimore can be tricky from afar. You'll find lucrative prices for properties but they may come with liabilities you may not be interested in dealing with using sites like zillow, trulia etc truly don't give an accurate representation of the product you're buying. Although I personally live closer to DC, I took @Ned Carey's (a heavy hitter here in baltimore) advice and spent most my weekends driving the streets in baltimore with a map and marking areas and neighborhood I felt comfortable with.  I feel this market is a great place to be personally but understanding values fluctuate street by street can make things a little tricky.

Good Luck!

-Solo

  • Solomon Morris
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