Where would YOU invest and why?

Question

Hello BP,

The question is simple, if you could invest in any part of the south-eastern United States, where would you invest and why?

I am young, newly married, and live in Pensacola Fl. We plan to move somewhere a little more scenic in the South and just curious what areas have promising investor potential?

Even if your top choice isn't in the South please post!

Thanks

Jesse Waters · Answer

Caleb,

Based on nothing else that the fact that I just enjoy visiting these places, I would say Asheville, NC or Chattanooga, TN, not actually sure what those markets are like.

Right now I cover territory from Augusta, GA to Columbia, SC and I am based in Aiken, SC.  Aiken is a tough market since we have lots of small investor's (we have an above average amount of folks from up north that understand the value of owning real estate.)  So my local market is tough, which is why I cover such a large range.

For the best place overall in the SE to invest.  Tough questions, depends on that particular market, your strategy & goals.

I would say pick somewhere that is growing with multiple employers, not just govt jobs, or a single large employer.  Savannah, Charleston & Greenville, SC all seem to be on the upswing.

JW

Dan Gheesling · Answer

I'm with Thomas! Michigan has been great to me as well, I live here and the cashflow to acquisition cost is pretty much incomparable to other areas of the country!

Thomas Blaine · Answer

Investing in Michigan has been great for me.  That said I would love to invest in a Vacation property in Florida at some point.

Joe Villeneuve · Answer

Ha ha.  You read to many news articles.  I guess it's all relative, but the weather is great here.  Humid (can you say Florida) from late July to mid August.  Snow usually from Mid January until mid March.  The mountains you speak of happen for maybe 2 weeks of the year, and usually melts down within a week.

You can't beat the spring and the fall.  Michigan is one of the few states that actually has all 4 seasons.  Wouldn't have it any other way.

Joe VilleneuveREcapSystemA2REIC

Caleb Mclamb · Answer

@William Allen " Pensacola isn't scenic enough?" I laughed out loud when I read that, I guess most people would die to live here but sadly I'm not a beach lover. I worked for summer apprenticing to work as a diesel mechanic on yachts and that was a blast, but besides that the beach is not my thing. I love mountains, hunting, and a season, that I'm told, is called "fall."

I agree that having a presence is important starting out. We plan to move within the next two years or so but are open to anything. Would you recommend starting out here in Pcola and then using a Property Management Company after moving?

What company do you use and how satisfied are you with them?

Thanks

William Allen · Answer

Caleb,

When just starting out, I would certainly invest somewhere I have a presence.  Preferably somewhere I live.  I invest in Pensacola from a distance and eventhough I thought I had a good property management company, when push comes to shove, nothing beats being there yourself to make sure things are done right.  The logistics certainly become reduced when you are in the area, at least in my experience.  If you are looking to move and do this full time, find a market in an area you like and invest there.  Maybe that is why you posted this question...  Pensacola isn't scenic enough for you?  I think you can find deals in any area, you may just have to tailor your investment strategy to the location in which you want to live.  Good luck!

Account Closed · Answer

Caleb,

If you have what it takes, move to the Silly Con Valley.  This is the land of many opportunities.  We, as human, tend to look for the path of least resistance.  Unfortunately, everything in life has a price.  If you're willing to make the leap and believe you have what it takes to be successful in life, we welcome you.

Check out the link to the article below.  The facts may surprise you.

http://finance.yahoo.com/news/best-cities-mom-pop-...

Jared S. · Answer

PS- i saw  couple peope mention Ashevlle bu not a lot of jobs there soa lot ofpeople cant afford a lot.  and housing is expensive there while jobs pay low.  i dont see that as a great combination, personally.

Jared S. · Answer

right where you are, FL.  ppl always moving to FL.  easily best growing areas in the Southeast.

Shane Officer · Answer

I love the Kalamazoo MI market, a college town full of student housing opportunities.

Where would YOU invest and why?

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