Looking for up and coming areas seeing appreciation & contacts

[Neil Polehn]

Hello All,

After a few years break I am ready to jump into the frying pan again, and since I can't invest in CA because of the valuation, I am looking out of state for an up and coming/under valued area. I am thinking of areas that has growth (but is not on fire yet) and prices for either SFH or MFHs that are still affordable (say under 400-500K). I have a contact for AZ, but there must be other areas that are starting to see appreciation but are still affordable and the cash flow numbers work. I am a buy and hold investor, not a flipper unless a deal is too good to walk away from :)

I could also use a local contact to this area who could provide sales for the last 30 days, so I can run the numbers using the rules to thumb BP suggests.  I am creative so open to out of box options as well.  Thanks in advance!

Neil

[Mick Hofmann]

Have you checked out the town of Maricopa in AZ. A lot of people moving there. Cheaper than most places around PHX. Also a lot of new builds going up on the 303 corridor (W side of PHX metro). PHX keeps pushing West so you may want to look into those cities.