Investing out of state

[Cody L Williams]

Think about investing in Detroit and Chicago areas

[Zachery Buffin]

I won't tell you want to do or what not to do, but I wouldn't do it. The price point is enticing but if you track the national internal migratory patterns of the US you will see that people are moving out of not into those cities. Moreover when you look at state and city regulations, taxes, land lording laws and the over all (not picking sides but blue states are statistically speaking harder to operate in) democratic areas which means that the tax burden on the investor will only increase over time. 

If I were you, I don't know your individual situation, I would look at the top appreciating cities over the last 10 years, I would look at what cities have the largest populations of renters. Ask yourself why someone would rent and pick your problems. By that I mean target your renter base. You shooting high, median or low? There are a lot of questions to ask to determine the market you want to take advantage of as an out of state investor.