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Updated over 4 years ago,
Choosing a market - thoughts and recommendations?
Hello BP folks!
I am relatively new to real estate, specifically in the US market. I live in So Cal and have 3 properties in Toronto, Canada. My husband has been doing well with flipping homes to accelerate our cash savings. Our vision is to use these profits in addition to some cash saved aside and invest into buy and holds in the US. We have some ambitious goals to grow our portfolio through BRRRR, and I'm currently exploring markets for out of state real estate (So Cali is not an option!).
We are looking for RE under $100k that will cash flow positive and has some appreciation (but cash flow is priority). We are trying to decide whether we should go with a SFH or MFH as our first "get our feet wet" opportunity. But where I would love to get some advice is on WHERE to invest? Through some research and advice, I've come up with a few locations, but would love to get your thoughts on any of the below locations or others not included. I know I will have to take it further and narrow down the neighborhoods, but once I lock in my "where," I will look for some local agent support (will probably start with finding someone through referral or BP!):
- Columbus and Cleveland, Ohio
- Saint Louis, Missouri
- Phoenix, Arizona
- Kansas City
- Oklahoma City
Looking forward to hearing what you all have to say...!