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Updated almost 3 years ago on . Most recent reply
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What Area of the Country to Invest in? During Covid?
Looking to move into my first investment and fix and BRRRR. Prefer south east area of the country and near the ocean. Seems like its such a sellers market and inventory is scarce!! Any suggestions?? Thanks
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Why do you prefer that area? Do you live close to there? What's your goal, appreciation or cashflow? I recommend going where the numbers make sense and don't recreate the wheel. You have a blank slate and can go anywhere. Possibly check out population growth of cities. The midwest is great for cashflow. I live in Indianapolis and wouldn't hesitate to invest here or in someplace like Kansas City (which I see a lot of people doing).
Regardless of where you go the BRRRR strategy will help you hedge against the seller's market, but the key is finding good deals, typically off market deals.