Real Estate Agent · Denver, CO · Member since 2014 · 10 posts · 2 votes
Hi!
I am looking for a new market to invest in "buy and hold" properties. I figured that it would be best to ask the agents on BP as they would be the best to know the ins and outs of their respective markets.
The things I am looking for in this new market are: Moderate to high rental demand, moderate to high supply of undervalued homes (<$200,000), moderate to high economic strength and moderate to low investor competition. If your local market has any 2 of the 4 I'd like to discuss in further detail. I am open to investing anywhere in the US as long as the ROI is good.
You'll probably get lots of opinions. There are great places to invest all over the country. I own a couple places in two states as well as some more in CA. I prefer CA as I can get in a car and be to the properties within a few hours on less than a tank of gas.
The other properties require a flight and hotel, which makes it harder to want to go visit.
Central valley of CA offers some of the things you're looking for. I trade a bit of ROI so I can be closer to home.