I'm looking for a brrrr property out of state

[Ricardo G.]

I'm in San Antonio, but would like to explore areas where getting at least 1% rule is the norm rather than the exeption.

I'm looking to expand outside of San Antonio, my main objective is growing a buy and hold rental portfolio.

I'd like to stay under 100k for now due to wanting to do all cash at the moment  (although I'm not opposed to hardmoney or partnership).

I'm trying to avoid areas with a high turnover.  I'm open to any state as long as I can make the right team connections. I've so far heard good things of Florida and Oklahoma.

Be honest guys... am I asking for too much? 

[Rick Pozos]

Hey @Ricardo G. I have to agree with you on being at the top of the market. I just wrote about that on one of my latest blog posts(see my profile for all the info). Even though we are getting ready for a little bit of a slowdown, I think SA is going to be one of the least affected. I am NOT looking to hold anything right now. In fact, I have sold my last couple of properties in the last 12 months with owner financing. 

The only thing is that its slowing everywhere. All those secondary and tertiary markets are going to go back to being sleepy places where there is no appreciation and you will not be able to sell. Just my thoughts.

I have been in San Antonio for most of my life and seen how things happen around here. I think this is the place to be. You just might have to switch from landlord to rehabber to noteholder and back and forth at the right time of the market cycle. That is being a savvy investor. You dont have to change markets, just your position in the market.