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Updated over 3 years ago on . Most recent reply

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Jarek Chu
3
Votes |
1
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Advice: Trouble Choosing a Market

Jarek Chu
Posted

Hi Everyone, 

I am a 22 year old looking to get a headstart into REI. I feel confident in what I'm looking for as a first investment property purchase: a SFR with decent cash flow ($200-300/unit) and some added appreciation down the line would be nice. I have about $100k saved up and am having a lot of trouble finding a market. I was looking into the Dallas-Fort Worth region but the hot market there does not cash flow well despite the "speculative appreciation". I looked into a more stable cash flow market such as Indianapolis but the crime index concerns me. I know there isn't a "perfect market" but just wanted some advice for the mindset I might want to consider at my age, situation, etc. from some experienced folks?

Most Popular Reply

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418
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286
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Tyler Lingle
  • Real Estate Consultant
  • Indianapolis, IN
286
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418
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Tyler Lingle
  • Real Estate Consultant
  • Indianapolis, IN
Replied

Indianapolis is the 16th largest metro area, fastest growing city in the Midwest, AND the 2nd most affordable metro area behind Memphis. I love investing / living in Indy myself. Be happy to connect!

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Roots Realty Co.
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