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Updated about 6 years ago on . Most recent reply
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Looking for best area to buy next out of state property
Just closed on my first out of state property, looking for the next opportunity.
I’m looking at Chicago, Huntsville, Alabama and Jacksonville, Florida. The numbers look good at those areas. Or, I may buy another one in Detroit. It’s in a nice suburb. The cash flow is really good there.
I have several houses near the Bay Area and just stopped buying around 2013 when the numbers stopped making sense. Got lucky buying near the bottom and now the appreciation and cash flow are very good. I may look into borrowing from the equity later.
I bought my OOS house going through the Real Worth Network, it was one of the easiest purchases I ever did. Numbers are good.
Anyone out there have some good tips on where to buy next? I’m looking for another single family or 2-4 multi.
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I like Huntsville, AL. Compared to the other two, seems that property taxes are much lower and residential properties are more affordable. Hope that helps!