Selecting your First out of state location

[Andrew Reid]

Good morning all

if you had to pick a couple of locations to start investing out of state that would allow you to be all in for 65k with an ARV of 75% where would you look to invest. Ideally once more capital is available I would move to a different market. But I gotta start somewhere.

Thank you for any and all help  I can get.

[Subbie Kaur]

@Andrew Reid

Hey Andrew! 

The midwest is great for investors but do consider these few things before stepping into any market. 

1. As @Steve Kontos mentioned, you want to make sure you are in a state where there are landlord friendly laws, this will allow you to have a much more positive investing experience. 

2. Rental demand is very also very important, there are Markets where rents and purchase price are both good but the rental demand not so much. You want rental demand so in case you have any vacancies it is very easy to fill those units! 

3. Low taxes!! You don't want your taxes cutting into your cash flow drastically! 

4. Last but not the least, A VERY good property manager who can educate you on a market, help you form a strategy, fit right into your due diligence process, and execute on a clear takeover game plan as soon as you hold title! 

These things really allow investors I work with to have a positive experience with their investments! 

Good luck to you