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Updated over 4 years ago on . Most recent reply

User Stats

35
Posts
5
Votes
Jordan Charles
  • Brooklyn, NY
5
Votes |
35
Posts

Moving to a new city to start real estate investing

Jordan Charles
  • Brooklyn, NY
Posted

Hi everyone hope you're all on the path to achieving your real estate goals! I live in NY and like many have decided to start investing however the prices here are astronomical. I've saved enough for a low down payment to get a great property in other states.

I've been thinking and decided that the best course of action for me is to move to one of these low priced cities and start investing such as Orlando. Does anyone want to weigh in on this or has been in a similar situation as mine? Any feedback or suggestion would be helpful

Most Popular Reply

User Stats

172
Posts
126
Votes
Jon Schoeller
  • Flipper/Rehabber
  • Charleston, WV
126
Votes |
172
Posts
Jon Schoeller
  • Flipper/Rehabber
  • Charleston, WV
Replied

Hello Jordan. I didn't do it intentionally but I kind of did the same. I was ready to invest but I was living in places like Maui, DC, Palo Alto, and LA. (Wife was a traveling nurse). When my wife got accepted to school here in Charleston,WV it worked out perfectly. The housing market was 10x cheaper than those previous areas. I have now just invested on my 16th home personally and my partners and I have flipped over 100 houses in the area. I would have never been able to move that quickly in those other locations. I like the idea of moving but not everyone is able to do it so easily. I wish you luck with your decision either way.  

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