First Time Investor: Which Midwest Cities?

[John Tan]

Hi All,

I'm from New York City and looking to invest in a single fam or multi fam property out of state somewhere in the midwest or southern states. I don't know much about these states out of New York except for Florida. I've only lived in Tampa, Florida for a year. However, I really want to invest in an area that's growing and have stable high cashflow (the higher the cash flow the better). Here are the cities I have considered: Jacksonville, FL, Memphis, TN, Cincinnati, OH, Kansas City, MO, and Huntsville/Montgomery, AL, and somewhere in Texas if possible? perhaps San Antonio? 

Let me know your thoughts!

Thanks,

John Tan

[Yonah Weiss]

Originally posted by @John Tan:

Hi All,

I'm from New York City and looking to invest in a single fam or multi fam property out of state somewhere in the midwest or southern states. I don't know much about these states out of New York except for Florida. I've only lived in Tampa, Florida for a year. However, I really want to invest in an area that's growing and have stable high cashflow (the higher the cash flow the better). Here are the cities I have considered: Jacksonville, FL, Memphis, TN, Cincinnati, OH, Kansas City, MO, and Huntsville/Montgomery, AL, and somewhere in Texas if possible? perhaps San Antonio? 

Let me know your thoughts!

Thanks,

John Tan

The main thing you'll need to focus on is finding and vetting property management companies. Higherr potential cash-flow, often times comes with higher risks, vacancies, poorly run properties, so focus on finding PMs. There are properties in all of those locations. I have some contacts in Memphis, Jacksonville and San Antonio, from those that you listed.