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Updated over 8 years ago on .

User Stats

13
Posts
3
Votes
Cheryl Bunch
  • Investor
  • Vancouver, WA
3
Votes |
13
Posts

Choosing an area to purchase first rental

Cheryl Bunch
  • Investor
  • Vancouver, WA
Posted

I am new to BP Forums so hello to everyone. I have a question to which I am interested in getting feedback.

I have 2 high-growth areas where I am looking to purchase my first investment rental for a hold and cash flow investment.  Area A seems to have an over abundance of properties where my numbers work, but they also seem to have an abundance of rentals available.  This makes me think the competition is great and will be harder for me to find a renter.

Area B has fewer properties for purchase and fewer for rent but is still on the top 10 list for growth in US and desired places to live. What are your thoughts on deciding where to purchase? Wait for the right deal in Area B or get started in Area A? Reasoning?

Thanks!!