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Updated over 4 years ago on . Most recent reply

User Stats

4
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2
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Jenny Chou
  • New to Real Estate
  • San Antonio
2
Votes |
4
Posts

$60K to invest in real estate. Which city should I invest in?

Jenny Chou
  • New to Real Estate
  • San Antonio
Posted

I have $60K to invest in real estate. I wold like to use the BRRRR method. I've done many searches but still would like to have some recommendations. Some articles suggested memphis, TN, but they seem to be loosing population over the years and pretty high crime. Some suggested Tulsa, OK, but I'm concerned about tornadoes. Some suggested Kansas City, MO, etc. I know this pandemic most likely will change everything but any input on those cities or even other cities that I didn't mention would be greatly appreciated!

Btw, for crime map, Trulia vs Realtor.com, which one is more reliable? I can have realtor.com saying it's high crime while trulia saying it's low crime... super confusing, and then if I use LexisNexis, it will tell me it's a medium crime area. Actually, none of the "high crime areas" are high crime on LexisNexis. I have seen low crime places on trulia looks like class D in person and high crime places on realtor.com looks like class C. 

Most Popular Reply

User Stats

220
Posts
152
Votes
Michael Slockers
  • Real Estate Entrepreneur
  • Owasso, OK
152
Votes |
220
Posts
Michael Slockers
  • Real Estate Entrepreneur
  • Owasso, OK
Replied

$60k all-in is possible in Tulsa in certain areas only. These are less desirable areas from an appreciation standpoint. Still some solid rental options. 

Are you looking for appreciation or just straight cash-flow?

As for the crime maps, they don't mean too much to me personally. I've had stuff stolen from my properties in the classier and the less-classy areas. Unfortunately this is a broken world and we can't get away from crime. 

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