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Updated almost 3 years ago on . Most recent reply

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13
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Joe Lee
  • Investor
  • Long Island, NY
7
Votes |
13
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OOS investing -- cities with appreciation & low real estate taxes

Joe Lee
  • Investor
  • Long Island, NY
Posted

Hello! 

I would like to get into my first real estate investment and have been doing some research. It seems finding cash flow deals is slim-to-none, unless I'm looking at war zone areas where entry price is low but rents are high, and so I've pivoted to focusing on appreciation with the expectation that rent would cover all expenses + a little extra. With my focus shifted, I'm trying to find cities/towns that fit certain criteria. 

1. high growth and appreciation

2. max spend of around 200k

3. low, or at least u.s. average, property taxes

I'm looking for turnkey but prefer not to buy someone's flip

I've seen cities like Boise, Chattanooga, Jacksonville thrown around but I'd like to know if there are any specific neighborhoods within cities that I should be looking at. Please let me know if anyone has any suggestions! I am literally open to anywhere in the u.s. 

Also appreciate any general advice for a first time investor.

Warm regards,

Joe

Most Popular Reply

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4,248
Posts
2,626
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Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
2,626
Votes |
4,248
Posts
Lane Kawaoka
  • Rental Property Investor
  • Honolulu, HAWAII (HI)
Replied

Birmingham, Atlanta, Indianapolis, Gary (IN), St Louis, Huntsville, Phoenix/Tempe/Mesa, Kansas City, Memphis, Little Rock, Indianapolis, Harrisburg (PA), Greenville, Jacksonville, Tampa, Houston, San Antonio, Little Rock, Milwaukee, Cincinnati, Dayton, Cleveland, Ohio, or other secondary or tertiary markets.

  • Lane Kawaoka
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