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!