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Updated over 3 years ago on . Most recent reply
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Where would you move?
Hey BP Community,
I hope you are having a great day! I'm a buy-&-hold investor and have an opportunity to move anywhere in the United States. I hold a corporate job that makes a 6-figure salary and I have a few properties under my belt. I currently live in southern California and it takes significant effort and time to build the capital to purchase the rental property.
I'm planning to move to a place where multi-family houses are in relatively low value (around $200k) or maybe 8-10 units with less than $500k. Ideally, I will like a cash flow of $500 per month or more.
Any suggestions? So far, I find Memphis, TN, Little Rock, AR, and Birmingham, AL.
Most Popular Reply
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May I ask why are you needing to move to the place you're investing? Why not move to a tax friendly state and manage from afar? Somewhere close to those that are a card ride or quick flight. Just a thought.