Where Should I move to?

[Account Closed]

Where should I move?!?

Long story short, I am in the military and just found out that I will be moving soon and have to put in for my new location ASAP! A man can only do so much market research and read so many CAFRs in a day. Living in a good area to invest is paramount. Real estate is what I want to do full time. I want to get a 3/4 plex using a VA loan as my first property in the area. Id like the property to pass the 1% rule. Cash flow is KING (appreciation is pretty cool too)! I can go to LA, Boston, Salt Lake, and Oklahoma City. On such short notice I wanted to get some quick and dirty opinions.

Where would you go?

Cheers

[Lien Vuong]

I can comment about the Boston MA market: 1% rule is about 45 minutes outside the city 

Here's the high level metrics you'd be looking at for 3-4 family- 

Boston proper: $850-$1.4mm

2 Bedroom Rent: $2300

Appreciation Rate: 6-8%

Metro Boston (5-8 mile radius): $750-$1.1mm

2 Bedroom Rent: $2100

Appreciation Rate: 5-7%

Suburbs of Boston (10-15 mile radius): $650-900,000

2 Bedroom Rent: $1750

Appreciation Rate: 4-5%

Secondary Boston Market (20-30 miles radius): $525-800,000

2 Bedroom Rent: $1400

Appreciation Rate: 3-4%