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Updated almost 5 years ago, 02/20/2020
If you could magically move all of your properties...
Let's play a little "which market is the best" game! Okay so here's the rules.
- When you answer the question below, you are moving the total asset value to the new city / state, not the number of doors or actual property. You are not moving a 3 bed 2 bath 1800 sq ft home from St Louis and dropping it in Santa Clara... you are moving the same value of your real estate property to a different market.
- Example 1: I own 2 properties in Scottsdale, but would love to instead own 20 properties in Detroit, MI for Cash Flow purposes.
- Example 2: I own 3 multi unit properties in Seattle, but would rather own 10 SFHs in Kansas City for IRR over the next 10 years.
Okay, so here's the question: If you had the ability to move your entire long-term rental portfolio anywhere in the United States in today's market, where would you go, and why would you move it to that particular market? Is it cash flow? appreciation? Total IRR expectations? Retirement strategy?
If you think your current strategy is the best strategy for the outcome you desire (i.e. buying OOS in Alabama for cash flow), let us know too!
I'm selfishly asking you all to play this game, as I am looking researching different markets for OOS REI, and figured we could do some think-tank together.
Ready GO!