Residential Real Estate Broker · Morgan Hill, CA · Member since 2015 · 79 posts · 65 votes
Hello All,
I realize this is a post that may generate a whole lot of churn, but I figured I might was well cast the net wide! I have a few markets that I have been keeping an eye on for a while that interest me. The greater Phoenix area, Boise and a few others. However, I wanted to check the room and see what your go to markets might be right now to invest in. This would be for someone with about $70k in cash to invest who has excellent credit. Areas west of the Mississippi would be preferred, but anywhere in the US is fine if the math works out and the ROI is there.
@Robert Whitelaw why not work it backwards. You know you have 70k, see what kind of loan(s) you qualify for. If you can get in a lower down conventional 70k runs a lot further if you are stuck at 25% you are limited to 280k, and that might knock out some markets for the property types you are looking for.
If you want to talk more about the Boise market would love to chat just hit me up!