Choosing an area for first out of state property

[Nick Sember]

Hey guys!

New pro member here and I'm hoping to put offers on a property in the next 90 days out of state. I'm from California and the prices here are just too high for me to get started on REI. I am currently looking in much cheaper markets to get my feet wet. I'm curious if anyone has some helpful tips on how they decided where to buy when going out of state. I've been looking at Alabama and Tennessee. I am just looking to get cash flow going at the moment and am less concerned about appreciation. Any tips you guys have, or anyone looking to connect please reach out!

[Lee Ripma]

@Nick Sember I sent you a DM with a couple of resources for picking a market. I personally go for affordable markets that have a large population. You're really after a submarket in one of those markets. Here is my list right now. Whichever one of these you pick, make sure you pick locations with these markets that meet your needs. Also make sure the type of stock you want, small MF for example, is actually in that market. 

1. Houston, TX
2. San Antonio, TX
3. Las Vegas, NV
4. Philadelphia, PA
5. Indianapolis, IN
6. Jacksonville, FL
7. Phoenix, AZ
8. Tucson, AZ
9. Orlando, FL
10. Fort Worth, TX
11. Charlotte, NC
12. Minneapolis, MN
13. Columbus, OH
14. Miami, FL
15. Louisville, KY
16. Dallas, TX
17. Kansas City, MO
18. Oklahoma City, OK
19. Omaha, NE
20. Albuquerque, NM