Investing in the Midwest

[Douglas Harris]

Hello everyone,

So being from the Washington DC Northern Virginia area everything within my local market is so high. I've heard from a few investors that the Mid-West is a good place to buy real estate, especially doing buy and holds.  

Listening to the Bigerpockets podcast show 257 was very help. However, I would like to hear what states and cities in the Mid West do you guys recommend ? I'm looking for a Duplex up to a Quadplex.

[Bo Kim]

@Douglas Harris I like the markets of Memphis, Little Rock, Kansas City and Indianapolis.

I have done a ton of research and interviewed 20+ turnkey providers/RE agents/and local investors and narrowing it down to a handful of people I wanted to work with. I am flying out to Indy/KC mid-Feb to check out their operations and hopefully do another trip to memphis/little rock in the summer. 

I have a duplex in Indy under contract expected to close late feb and I am pretty stoked. 1.3% RTV with a really good PM. I hear investors say all the time you live and die by the PM/you buy a property once, but deal with the PM forever (or until you sell).

Happy investing!