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Updated about 7 years ago on . Most recent reply
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Relocating for cheaper prices
Hello everyone!
I am mid flight of my very first flip and it's going well. I bought very cheap and it appraised higher then I expected so needless to say I was pretty excited. I'm looking for some brutal honesty here guys. I should be able to clear 60k on this flip and I'm considering getting out of California for a multitude of reasons. I'm looking into places like Cleveland OH or Rochester NY for their very reasonable cost of living and real estate prices. Would it be worth uprooting and going some place cheaper with the kind of money I hope to get from this flip? And I also have a potential business partner as well so I have the possibility of getting into a fair size deal if I end up in one of the places I mentioned above. My current goal is to get to 100 doors and it seems much more possible elsewhere. This has been racking my brain for the past month so any and all pieces of advise will be greatly appreciated, thanks again everyone.
Adam
Most Popular Reply
@Adam Noble
Congrats on the flip! NY is tough, still has very high taxes and Rochester gets hammered with snow during the winter months so that’s another battle. I currently am located about 15 minutes from a nice little town with great schools but the school/property taxes kill any hope of high cash flow, so make sure to really get the most up to date numbers. Best of luck!