Best city for BRRRR right now

[Don Jackson]

I'm trying to decide where to purchase my next BRRRR.

I just refinanced my latest property in Milwaukee. I paid about $70k including rehab and I'm getting $1050 rent. My first thought is to get my next property in Milwaukee again. My other three properties are in Charlotte.

When I did a search for "Best cities for real estate investors" I get the following list from Realtor.com:

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Those focused on getting a healthy flow of rental income from the get-go might want to cut this list out and put it on the wall:

1. Cleveland, OH, at 11.1%
2. Columbia, SC, at 9.7 %
3. Birmingham, AL, at 8.5%
4. Pittsburgh, PA, at 8.4%
5. Milwaukee, WI, at 8.4%
6. Cincinnati, OH, at 8.2%
7. Memphis, TN, at 8%
8. Greenville, SC, at 8%
9. Tampa, FL, at 8%
10. Philadelphia, PA, at 8%

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I'm not sure I want to trust Realtor.com to help me decide where to invest. What do you guys on BP think?

[Andrew Ware]

This looks like a classic case of overthinking it to me. People are afraid to take good enough for an answer. Your real success comes from building something that works and doing it over and over again. Refine your process and your profit goes up and up and up. Milwaukee is in the top ten for goodness sakes. Use your contacts and experience there and do it again.

It's hard not to want to do things different. It's easy to get bored. And the grass is always greener on the other side of the country.