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Updated over 4 years ago on . Most recent reply

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Tanner Peabody
5
Votes |
7
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Traveling for work - Where do I invest?

Tanner Peabody
Posted

Fresh out of college, making more money than I have ever made, and am ready to start investing in some small multi-family/single family real estate. I've done my research, sort of found a niche, and have connections in the industry but have yet to find someone in a similar situation where I can get some real guidance. 

I currently am a construction manager and my company moves me every 1-3 years depending on the duration of the job. 

My question is, where should I begin to invest? I've only lived in my current location only a few months, and although it seems like a booming area, the real estate price tag is higher than what I want to get started with. Plus, I may have to move within the next year or so. I do have more stable locations such as my company headquarters, where my parents live, and my old college town where I have connections and have been doing most of my price analysis'. All of these are at least 250 miles apart from each other and over 500 miles away from where I am currently. I do like taking risks, but would like to get opinions from others who may have dealt with similar situations. 

Thanks!

Most Popular Reply

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903
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Chris Levarek
  • Real Estate Syndicator
  • Phoenix, AZ
1,126
Votes |
903
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Chris Levarek
  • Real Estate Syndicator
  • Phoenix, AZ
Replied

@Tanner Peabody The sooner you can acquire assets at current inflationary rates which then appreciate the better. As you might know, the dollar value decreases daily the more money is printed. Thus for every asset you don't purchase, it will take more dollars to purchase it tomorrow. So start now.

As far as where to invest, invest where it makes sense. I live in Phoenix, Arizona and invest in North Carolina, Ohio and Texas. Those areas meet my business needs and investment criteria. I work mainly with multifamily and apartment syndications so I can only recommend those areas at present I think are good for that type of asset. 

Some recommendations include,  Texas(DFW, San Antonio, Houston), Ohio(Columbus/Cleveland), Florida(Tampa/Orlando/Jacksonville), North Carolina (Raleigh, Charlotte), Tennessee (Nashville), Indiana (Indianapolis), Arizona (Phoenix/Tucson), Colorado (Denver).

Consider even investing passively in an area to learn the market and build the network. Either way, 

Create the vision or goal. Define the strategy. Build the Team and Invest where it makes sense. :)

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