Best places to BRRRR

[Nicholas Bohm]

I am looking to BRRRR my first real estate property and was trying to figure out the right markets to look into. I was thinking either around Lansing Michigan, Raleigh NC, or maybe Texas near dallas metro. I'm looking to invest about 100k total between cost and rehab- does anyone have any recommendations for what market BRRRR seems to work best in ? I know it is all finding the right deal, but just wanted a little bit of guidance.

~Any help is much appreciated

[Jacob Sampson]

This is a tough question.  If there were a handful a great places then lots of people would begin to invest there which would drive up prices which would make them not the best places any more.  

That being said, for your first effort I would recommend starting local.  There are so many advantages.  You are more familiar with the good and bad neighborhoods, more familiar with what properties will rent and sell for, you can drive by and check on progress.

Your first property will be your most risky because you have the least amount of experience you will ever have and often fewer resources to overcome challenges than you will ever have.  You should attempt to take advantage of as many advantages as possible.