Just starting out, need advice

[Amber Saulsbury]

Hi all!

I am just starting my real estate investment journey and am glad to have this as a resource. So here goes, I'm pretty risk adverse to an extent and I think my plan is the following: I would like to find some single family rentals that cash flow well. I don't want to leverage but buy them with cash, I figure if I have the cash saved leveraging them will just eat into my profits, I know some will think that is stupid. But to start I really want to target an area where I will have the best CAP rate, buy and hold, and in the future possibly sell once it is depreciated out and seek others if I don't want to keep a certain property. Advice on any of that is appreciated.

I do not plan to self manage, so my biggest question is, if you aren't self managing and could invest anywhere, in your opinion, where is the best place in the country for what I'm trying to do. I'm located in Texas, but things have gone up so much here, I'm thinking of looking in OK, but any advice on best areas for best CAP rate in the country are very much appreciated! Excuse my total lack of experience please! Figure asking my dumb questions here is a start!

[Thuy Twee Nguyen]

@Amber Saulsbury Congratulations on starting your journey! I am in the same boat as you and what I did was at first just googled "best rental markets in 2019" and from there I picked 2 markets (Indianapolis and Jacksonville).  You can look at the list and see what seems to click with you the best. I like the price/rent ratio and make try to see if those states are landlord friendly.  I heard Texas is either one of the top state or the #1 to quickly kick out tenants if they don't abide by the rules.  Texas doesn't play! Hahaha.  The best of luck to you!