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Updated over 4 years ago on . Most recent reply

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Antwaun Boykin
  • Investor
  • Los Angeles, CA
2
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New cities for rental investments

Antwaun Boykin
  • Investor
  • Los Angeles, CA
Posted

What are some of the resources that someone should be using to find new cities for rental properties?

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Haley Powell
  • New to Real Estate
  • Dallas, TX
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Haley Powell
  • New to Real Estate
  • Dallas, TX
Replied

I'd say just keep stalking the forums. Every now and then I'll find a thread breaking down the pros and cons of different areas, that helps me get an idea of what's happening around there. 

Try to look for future development in cities that would bring an influx of people (an Amazon fulfillment center, a new sports team, a new park) that way you can be the one renting to them.

You can also read online about "up and coming" cities (ie. Kansas City, Oklahoma City, Boise, etc.) that are developing and drawing more people. These are generally decent options. The problem with that strategy is that at that point the cat is out of the bag and the people really raking in the dough are the people who were there before the boom. It's like that adage about stocks "when you hear your cab driver bring it up you know it's time to sell". When it's common knowledge the advantage is lost. 

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