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Updated almost 7 years ago on . Most recent reply
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Recommendations on what State to focus in on.
Hello Everyone,
I’m a “newbie” , as they always say on the podcast, out of Orem Utah. I have some big goals for this year and plan to acquire at least two cash flowing Rental Properties. I understand that investing out of state can be risky especially for a “newbie” but my long term goals are to invest everywhere and so I want to start preparing now. I’m seeking advice on a few different states including Indiana, Florida, Arizona, and Texas based on the favorable land lord laws.
I lived in South Florida for 2 years so I have an idea of what to expect in those areas. As far as the other states go I’m less knowledgeable. I’d like to employ the BRRRR strategy for long term Buy and Hold.
I’d love to hear your thoughts on those states as well as the cities within the states that may be profitable or any others areas in the country that have a high ROI potential.
Thanks everyone, I don’t have a great deal of expertise (I feel like I’ve only scratched surface) but I’m happy to contribute any way I can here on BP.
Kaydn