Best Locations in US to BRRRR?

[Account Closed]

Hello BiggerPockets!

My name is Jonathan. I currently live in Dallas and I've been looking for deals for a few months, but just about everything I've come across seems to be overpriced. I might move to a different city in Texas or even a different state in the next few years if the opportunity presents itself. I'm curious, which cities or markets seem to be good for the BRRRR (buy, rehab, rent, refinance, repeat) strategy or simply for buy-and-hold properties?

Thanks!

[John Leavelle]

Howdy @Account Closed that many cities/states probably have the types of distressed properties you need to target for BRRRR deals. Texas is a very good state for this strategy. Investors in the Houston and San Antonio areas use it quite a bit. I'm sure there are those around the Dallas Metroplex that do also.

The real key is having a solid team to help you find, purchase, and complete the deals.  You need a good Realtor with knowledge of your target Market and the types of properties you want.  It’s also important to have a good Property Manager to help determine good neighborhoods and bad ones.  These are my prime sources for vetting properties.  Along with me doing “Driving for Dollars “, using Wholesalers, and Birddogs.