Buy-and-Hold / BRRRR Investing in the Midwest

[Cameron Montgomery]

Hey Everyone!

I'm looking to buy my first investment property within the next 6 months and am trying to narrow down the scope of my search to 5-10 markets. I live in San Francisco and am looking to use a BRRRR strategy, but I simply don't have enough cash to afford anything in any of the major metropolitan areas in California, so I'm looking out-of-state. I've heard/seen great things about the Midwest, but am having a hard time narrowing down the exact locations that would fit best for BRRRR or buy-and-hold there. At the moment, these are the places I'm most interested in:

• Columbus

• Cincinnati

• Chicago

• Indianapolis

• Memphis

• Kansas City

I’d love to get some insight from either those who have actually invested in these areas and/or people who live there. What are the pros/cons of putting your money in any of these markets? Are the tax laws favorable for real estate investors? Which markets have the best zoning for multi-family? Really any information anyone can offer would be greatly appreciated. I’m also trying to be as open-minded as possible in my real estate journey, so if anyone has any suggestions of places to invest alternative to these, I’m all ears!

Cheers and happy hunting!

[Kenneth Garrett]

@Cameron Montgomery

I live and invest in the Chicagoland market, but not in Chicago.  Too many tenant landlord rules in the city.  I invest in the north and northwest suburbs.  You can find great cash flowing properties.  Pm me if you want to discuss.  Thinking of reallocating some of my resources to other investment types.